Major Global Coffee Maker Markets

In Latin American countries

Brazil - Domestic and export transactions are more active, farmers still ask for high sales, but foreign buyers want to buy in the low area, so transactions do not match much. However, the market still has contracts.

Low July exports remain a concern for traders, although August exports may improve. The yield of some of the harvested areas is low due to the beetle epidemic.

Somar forecasts lower temperatures in some areas but does not threaten the harvest when more than 80% has been completed. 3.12 Real / Usable Exchange Rate.

Colombia - the weather continues to dry, especially in need of rain for the middle bloom. Trading volume was mainly in the South.

Fixed rates on 2970 Pesos / Usd not support for export transactions, compared to last week 3030 Pesos / Usd. Some new coffee deals from October are offering more than 15.00-18.00 cent Excelso EP. Traders are still waiting for a chance to buy at a lower level.

Vietnam - favorable weather for growing season. Vietnam's stockpiles are expected to be lower than 270,000 tonnes, especially the stockpiles at farmers have also fallen. July exports are still below 106,000 tonnes.

European customers mostly buy in Vietnam 50% from agents and 50% on FOB. The price was lower than the previous week.

Indonesia - coffee traders are more closely followed when the harvest is approaching the end of the season. Currently, only 10% are not harvested in some areas of Lampung and Talang.

Coffee output from Asalan and Lampung decreased, only 700 tons per day compared to the previous week 1,000-1,200 tons. The market is struggling to choose new coffee for domestic industry and for export, as industrialists do not accept the quality of coffee this year from Vietnam.

Exports are expected to be only 42,000 tonnes, an increase of over 90% over the same period last year. Most of these contracts were forced to deliver when sold at good prices back several months ago.

Papua New Guinea - unofficial elections have not been completed and policies in the country remain unstable. There is still a struggle between the two opposing factions. Exporters hope economic policy will stabilize soon enough for farmers and middlemen to maintain buy and sell deals.

India - The market is silent, most of the final crop comes from farmers. The price was subdued when prices in New York skyrocketed. The Reserve Bank of India is expected to reduce interest rates by 0.25%.

The weather is not raining, farmers are focusing on Robusta as well as Arabica. Valued at 63.68Rupi / Usd, compared to last week's 64.04Rupi / Usd.

Summary:

The real estate market is more active especially for industrialists who want to build more inventory. Brazilian and Robusta high quality coffee are bought. The market offers many Robusta FOB contracts in Asia and Uganda.

Buyers are more willing to buy in Brazil as they are entering the crop. Natural Arabica coffee in African countries is also being sought.

Funds are still available on NewYork and they stop buying stock certificates on Liffe. Surprisingly, supplies seem limited although Brazil is expected to produce large volumes but many exporters still want to build inventory. The quality of coffee in Vietnam is also of interest to buyers.