Entries by Charles Seara Cardoso
A more subdued week than last
Whereas the focus of the world this week was on the disastrous fighting in Sudan between opposing factions within that country’s military structure, Ethiopia has not been featured in the news, a sign that the country is at peace and inspite of the drought in certain parts of the country, things are stable. On the […]
Things got busy
The rally in NY really gave business a push this week, the terminal market moved approximately 20 usc/lb and finally shippers’ price expectations could be achieved. A lot of business was concluded this week let’s see some execution now! Quality of Naturals (Grade 4 and 5) seen so far this crop cycle has been very […]
Very slow week
Minimum registration prices remained unchanged, in NY prices came off so it is not surprising that business is slow. Shippers want to do business but asking prices based on upcountry prices are completely untradable. Export Contract Registrations for commercial qualities must be close to zero this week. It is unlikely that buyers would be paying […]
More of the same
Very little business concluded this week, offers are plenty but prices are untradable. Minimum Registration Prices were put up this week, quite unexpectedly, so with the terminal market losing ground during the last few days, prices are unworkable. Meanwhile, although there is some flow of coffee from the growing areas to Addis the volume is […]
Headwinds
Shippers and agrabes have not been having it easy in recent weeks. Shippers sold at minimum registration prices end of February (when NY was above 190), so by now you would expect Grade 5 coffees to be moving in volume to Addis, however shippers are struggling to access coffee. Why? Well, firstly, agrabes are holding […]
Lower market, lower prices and rumours
The Coffee & Tea Authority lowered Minimum Registration Prices this week to try to keep the momentum going however, last few days NY terminal levels declined further so registrations will lag and slowdown as a consequence. There are plenty of offers from shippers however these are not at attractive price levels. Quality of shippers Washed […]
Quieter week after a very busy one
Last week the terminal market helped shippers get sales registered, Grade 5 traded in volume as the market hovered the 190 c/lb level and minimum prices were kept just under 170. The washed coffee picture remains still very difficult, minimum registration prices for Grade 2 from the South (Sidamo, Guji and Yirgacheffe) are between 290-300 […]
All activity at a standstill during AFCA week
It is AFCA conference week again, after a 3 year hiatus the East African Coffee Conference is being held in Kigali, great to see so many familiar faces after such a long time! Normally by mid-February Addis Ababa is a hype of activity with mills full of new crop parchment and the first arrivals of […]
January exports again below 10 K MT
Another month with exports below 10 K MT, only the second time this has happened in the last 5 years, first in December 2022 and now January 2023. Shippers have not been able to find buyers at asking prices or minimum registration prices. Hopefully February and March will be better, the recent rally in NY […]
