Anish Nanda’s Post

Coffee prices climb to the highest since 1997 on worries about crops in top growers, threatening to further raise costs for roasters and consumers. https://bloom.bg/413LJIX

Coffee prices climb to the highest since 1997 on worries about crops in top growers, threatening to further raise costs for roasters and consumers. https://bloom.bg/413LJIX

COFFEE futures in New York climbed to the highest since 1997 on worries about crops in top growers, threatening to further raise costs for roasters and consumers. Arabica, the high-end variety favoured for specialty brews, rose as much as 3 per cent on Monday (Nov 25). Coffee prices have soared this year due to major supply disruptions in key producers from Brazil to Vietnam, with the more budget-friendly robusta type that’s used in instant drinks recently hitting the highest since the 1970s. Concerns have mounted that supplies from Brazil will slow after a long drought that hurt coffee trees, which may reduce next season’s output. The potential for next years’ harvest “has certainly been impacted by the long dry and hot period that affected arabica coffee crops until September,” Rabobank analyst Guilherme Morya wrote in a report. Read more at: https://vist.ly/3mnm6e5 #sipmm #supplychain #supplychainmanagement #supplychainrisk #supplychaindisruption #coffee #surge #cost #harvest #price #export #agriculture #consumer

COLUMN: The olive oil crisis is over. Extra virgin olive oil wholesale prices have already fallen ~55% from their February record high; retail prices will soon follow. But, and this is a rather large but, all problems aren't solved. The olive harvest is underway in the Andalusia region of Spain, which accounts for about one-third of global production. Typically, harvesting volumes peak there just before Christmas, and by now we have a very good idea of both quantity and quality. Thanks to a better crop, Andalusia is likely to produce about 1 million metric tons of olive oil in the 2024-2025 season, up 77% from the previous year. Add other areas of Spain, plus good crops too in Greece, Portugal, Tunisia and, above all, Turkey, and global output is expected to recover to about 3.4 million tons, up from less than 2.6 million tons in 2023-2024. Among major producers, only Italy is yet to recover as a pathogen is killing the country’s olive trees. The cost of top-quality Spanish extra virgin olive oil in the wholesale market has fallen to about $4,250 per ton, down by more than half from an all-time high of more than $10,000 per ton set in February. On the supermarket shelves, a liter of olive oil could soon drop from more than €10 per liter to about €5 per liter. Bloomberg Opinion #aceitedeolive #oliveoil #Spain

The market price of coffee continues to increase, many buyers are urgently looking for coffee beans to import, demand is increasing while supply is weak. Although coffee prices are very high, many farmers regret having no more goods to sell. Traders and purchasing businesses are having headaches because coffee prices are too high. Coffee prices are so high, although many coffee shops still want to retain customers so they do not increase prices or increase them very slightly, but if so, how long will they last? ❓ What do you think about these issues? We have 3in1 instant coffee that can be one of the solutions for your business. Contact for more details. #coffee #vietnam #vietnamese #instantcoffee #coffeeprice #coffeebeans #coffeesupplier #roastedcoffeebeans #trending #now #agriculture #anthaivietnam #anthaicafe

#Robusta hits 45-year high, instant #coffee costs may soar in #Vietnam Robusta coffee prices have reached a 45-year peak, as reported by the International Coffee Organization, with a significant 17% increase in April, marking the highest prices since 1979. This surge is primarily due to a #supply shortage following poor #harvests in Vietnam, the top producer of robusta #beans. The situation is aggravated by #drought and #heat in Vietnam's coffee regions, posing risks to the 2024 #crop. However, there's hope for recovery from the drought this month, and an influx of #arabica beans in the market could help in stabilizing the robusta coffee #prices. https://lnkd.in/dTmMJnbn #cafe #precios

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For the Grapefruit lovers here’s a quick update on the current outlook in South Africa • The Citrus Growers' Association of Southern Africa has further revised downward its 2024 grapefruit export estimates due to corroborated trends from packing and shipping data. • Red grapefruit exports are projected at 11,430,600 cartons, a 15% decrease from the initial estimate and a 9% drop from the May revision. •White grapefruit exports are projected at 512,810 cartons, a 0.4% increase from May but still 8% below the initial estimate. • PP fruit exports are projected at 1,191,900 cartons, showing a 12% increase from May and a significant 55% rise from the season's start. • Smaller fruit sizes caused by drier and warmer weather and good local processing prices have led to these revisions, with the season expected to end early as volumes taper off. #import #exporters #importing #exporting #import #importers #grapefruit #africa #asia #Europe #vegetables #fruits #veggies #Fresh #frozen

Price Update!!! Today a This month, there is massive price reductions across premium grain varieties: Cereal White Maize: ₦73,2"(3-)-(500per bag Hybrid white Maize: ₦72000 per bag Yellow Maize: ₦72,000 per bag Sorghum (Dawa): ₦80,000 per bag Soybeans: ₦110,000 per bag White Beans (ZAFA): ₦112,000 to 118,000 per bag White Beans (Iron): ₦130000 to 135,000 per bag Paddy Rice (Fresh): ₦70000 per bag 🌾 Why Buy Now!? Prices are expected to rise soon, so don’t miss this limited-time opportunity to enjoy unbeatable value

Fruit trading is a truly global industry. From the orchards of the United States to the citrus groves of South Africa, fruit trading connects farmers and traders with markets worldwide. Navigating these global markets involves staying updated on regional supply chains, fluctuating prices, and seasonal trends. 💡Did you know? South America, the United States, and Africa are some of the largest exporters of fruits like citrus, grapes, and bananas. As the seasons change in one region, another may experience a surplus or shortage—creating opportunities and challenges for fruit traders. Sign up for a FREE trial of iQFruits today! 👉www.iqfruits.com/ #GlobalTrade #FruitIndustry #SupplyChain #FruitMarkets #iqfruits #FruitTraders