All The higher market has allowed for some more business this week. Differentials eased as NY May gallivanted through the 130 level allowing shippers that are not overly focused on covering shorts, to sell; Minimum registration prices for lower grade Naturals have remained in a very narrow range of 3 cents since February so those […]
All We have finally started to see the increased crop be reflected in Export volumes; March 21 exports exceed March 20 by 700 MT and reverse the picture of the past 10 months, where the monthly exports fell short of the corresponding month of the year before. We now expect this trend to continue in […]
All With so much talk this week on forex rates of the currencies of the world’s largest Producer and Consumer countries and how these affect coffee prices, it might be a welcome distraction to look at how the birr has been behaving in the last few months. No surprises, the birr has steadily devalued 30% […]
We mentioned last week that container availability in Addis was a concern, disrupting planned shipments. This week, most of us have seen pictures of a huge 400 metre long container vessel stuck across the Suez Canal this week, blocking vessels from entering (in case you haven’t below is what it looks like). Shipping lines have […]
All We have not mentioned the pandemic and what is happening in this regard in Ethiopia for a number of weeks now. With elections scheduled to take place in a few weeks time it seems appropriate to take a closer look at what has been happening in the country with regards to Covid. The number […]
All The Government remains concerned about the slow pace of exports; the export figures for February, continue to perpetuate the slow-paced trend of the last 8 months and confirm the lower production in 2019/20. The higher crop figure 2020/21 still not being translated into higher exports. For now we remain at 75% of the previous […]
All All in all a quieter week on the coffee trading front. Shippers are focusing on executing their increasing commitments. Higher Minimum Registration Prices and a decreasing terminal market in NY taking the wind out of “selling” sails! New crop quality is generally good. In the South we are expecting a higher proportion of Naturals […]
All The recent upwards swing in NY has allowed for much selling activity in Addis. It started last week and really took off this week! Some shippers are now well sold and not so eager to offer. We expect that Minimum Registration Prices for Naturals to increase over the weekend. It would seem that we […]
It happens every few years, in adverse conditions, some shippers get it wrong and struggle to stay afloat in a sea of adversity! In 2020 internal and external factors, some coffee related and others not, some new and some never experienced before, combined, resulting in some of the top shippers in Ethiopia struggling to cope. […]
The trend continues, total shipments for 9 month period, May 2020 to January 2021, 155 K MT which is 25% lower viz a viz the previous year. By all accounts February shipments are also progressing at a reduced pace. We are coming to conclusion that by April shipments will be 1 M bags lower than […]
