LIVE MARKET TRACKER :   BSE SENSEX        |    NSE NIFTY    
GLOBAL MARKETS :  NASDAQ      |    FSI London      |    NIKKEI Japan  
  USD GBP EUR CAD AUD INR
USD -
GBP -
EUR -
CAD -
AUD -
INR -
Indian-Commodity  :  Commodities  :  Coffee  :  Global coffee export revenue drops 25% to $1.5 billion: ICO

Global coffee export revenue drops 25% to $1.5 billion: ICO (15-Jun-2013)

The export revenue of coffee producers across the world has taken a hit as their average monthly earnings from shipments have declined 25% to $1.5 billion, as per report compiled by the International Coffee Organization (ICO). The significant reduction in arabica prices is having a negative effect on revenue for coffee producers. Since the beginning of 2012, monthly shipments have consistently maintained a volume of 8-10 million bags of 60 kg each, but the revenues accruing from these exports have declined from over $2 billion to around $1.5 billion.

The monthly average of the ICO composite indicator price fell to 126.96 US cents per pound in May 2013, its lowest level in over three years. This average is also 19.5% lower than that of May 2012, with decreases recorded in the last four consecutive months. The problem of lower export revenue is compounded by the fact that the cost of production has been rising in many exporting countries.

The world coffee exports reached 9.6 million bags in April, a 4.4% up on April 2012, as per the ICO data. This brings the total export for the first seven months of 2012-13 coffee year (October-September) to 66 million bags, a 7.1% increase on the 61.6 million bags exported in the same period last year.


Top News Today
Amara Raja Batteries reports 11% rise in Q4 net profit
(19-May-2018)

Amara Raja Batteries reports 11% rise in Q4 net profitAmara Raja Batteries has reported results for the fourth quarter and year ended March 31, 2018.The company has reported a rise of 10.70% in its net profit at Rs 109.80 crore for the quarter ended March......click on news to read complete article.

Inditrade Capital gets nod to acquire additional stake in JRG Fincorp
(19-May-2018)

Inditrade Capital gets nod to acquire additional stake in JRG FincorpInditrade Capital has received approval for acquisition of additional equity shares in its material subsidiary -- JRG Fincorp, of up to 10% of paid up capital, for an amount not exceeding Rs 24 crore within......click on news to read complete article.

Union Bank of India gets nod to raise funds up to Rs 7400 crore
(19-May-2018)

Union Bank of India gets nod to raise funds up to Rs 7400 croreUnion Bank of India has received approval from its board to raise capital not exceeding Rs 7400 crore by way of core equity capital or through bonds in 2018-19 (FY19). The meeting of the Board of Directors......click on news to read complete article.

International Stock News
US markets closed mostly lower; Dow ekes minor gain
(19-May-2018)

US markets closed mostly lower; Dow ekes minor gainThe US markets closed lower on Friday, with major indexes posting modest weekly declines as investors grappled with lingering uncertainty over trade negotiations between the US and China, as well as bond......click on news to read complete article.

US markets closed mostly lower; Dow ekes minor gain
(19-May-2018)

US markets closed mostly lower; Dow ekes minor gainThe US markets closed lower on Friday, with major indexes posting modest weekly declines as investors grappled with lingering uncertainty over trade negotiations between the US and China, as well as bond......click on news to read complete article.

US markets closed mostly lower; Dow ekes minor gain
(19-May-2018)

US markets closed mostly lower; Dow ekes minor gainThe US markets closed lower on Friday, with major indexes posting modest weekly declines as investors grappled with lingering uncertainty over trade negotiations between the US and China, as well as bond......click on news to read complete article.

 

     
  
Recent Coffee News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.