Coffee producers battle price gloom

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Coffee, the world’s favourite morning cuppa of cheer, is not bringing any joy to its producers. Coffee growers are struggling, as falling prices amid the Covid-19 pandemic are resulting in most producer countries unable to cover their costs, “let alone provide a decent livelihood to their families,” the International Coffee Organization (ICO) said.  Top executives […]

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WTO to rule on India Sugar export subsidies

The World Trade Organization (WTO) set up panels to rule on complaints by Australia, Brazil and Guatemala against India’s export subsidies for sugar and sugarcane producers which they assert are illegal, Reuters reported. Last month, India had blocked the first-time request from Australia, Brazil and Guatemala for establishing the panel. But the three complainants made […]

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Brazil seeks WTO to set up dispute panel against India on sugar subsidy

Brazil has sought establishment of a dispute panel under the aegis of the World Trade Organization (WTO) in a case against India’s sugar subsidies to farmers. In February, Brazil and several other countries including Australia and Guatemala have dragged India into the WTO’s dispute settlement mechanism alleging that New Delhi’s sugar subsidies to farmers are […]

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Global sugar stocks seen declining despite record production – USDA

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Global sugar inventories are seen declining in the next season despite expectations of record European Union output, which will send the bloc’s export soaring too, the U.S. Department of Agriculture (USDA) said in its first estimates of world supply and demand. “The production for marketing year (MY) 2017/18 is up 9 million tons (raw value) […]

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Robusta shortfall drives coffee market to 21-month high

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Coffee prices continued their recent rally in October, with the monthly average of the ICO composite indicator reaching its highest monthly level since January 2015, the International Coffee Organization (ICO) said in its latest monthly market report. The daily price increased consistently over the course of the month, up from 136.17 cents to 150 — […]

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Bad news for coffee lovers: production of beans to halve by 2050 as global temperatures rise

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Climate change is putting production and cost pressures on the supply of coffee in large parts of the world’s ‘bean belt’, and a study shows that rising temperatures will cut the area suitable for production by up to 50 per cent by 2050. According to Australia-based The Climate Institute’s A Brewing Storm: The climate change risks […]

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Global sugar consumption to again outpace production, draw inventories lower in 2016/17 – USDA

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Global sugar consumption for 2016/17 is forecast at a record 174 million metric tons (raw value), exceeding production and drawing stocks down to the lowest level since 2010/11, United States Department of Agriculture (USDA) said in its latest report. It said production is up 4 million tons to 169 million, as gains in Brazil and […]

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