At the U.S. National Coffee Association annual convention in Houston this week, attendees said they have been in shock at a 70% increase since November for Arabica coffee futures on the ICE exchange, the benchmark for coffee deals around the world.
Naryanan pointed to a 75 per cent increase in coffee prices which he claimed as 'difficult to be absorbed' by the company.
Chicory prices, too, have gone up in India on higher demand and a crop shortfall this year.
Cost-efficient business model, complete pass-through of green coffee prices, and sticky customer base will lead to higher earnings growth
Shipments rose by 9% from January 1 to November 4 at 353,226 tonnes in 2022 from a year ago. Last year saw record export of 394,393 tonnes.
A combination of resilient demand and tight supplies are sending prices up, a boon for growers but marketers have a difficult task ahead of them
Hyderabad-based company CCL Products (India) Ltd is the biggest instant coffee manufacturer and exporter from India. Drinking roasted and ground coffee at home is difficult and so the easier and faster solution is instant coffee, says company.
Tata Coffee has been a star performer as far as the stock price is concerned. Managing director Hameed Huq indicated that the company will see good growth in H2FY12 as well. He mentioned that they have increased speciality coffee prices to protect their margins.
Tata Global Beverages Ltd has reported their first quarter earnings today. The company’s net profit jumped to Rs 161 crore for the quarter ended June 30, 2011.
Starbucks has stopped buying coffee for the moment as it waits for coffee prices to pull back from a 34-year high, John Culver, president of Starbucks Coffee International, was quoted on Friday as saying.
RaRaw sugar futures shot up to close at the highest level in more than three decades on Wednesday, as a massive cyclone hit Australia, one of world's top sugar exporters, deepening concerns about tight global supplies.