The "C" coffee futures contract here closed with "spot" Mar. 350 points net lower and near May 290 points net lower. Todays sales are put at 12,364 lots or 3,091,000 bags. In London, the Robusta contract closed with spot Mar. $8 net lower and near May $6 net lower. Sales were put at 9,034 lots.
In the market for actuals here, Colombians, UGQ, were offered FOB, for Apr. shipment from 0.50’ over May C and were offered FOB, for May/June/July equal shipment from 1’ over the relevant months C. Colombians, European preparation, were offered FOB, for May/June shipment from 2’ over July C. Colombian supremos, screen 17/18, were offered FOB, for April/May/June equal shipment from 4’ over the relevant months C and screen 18s, were offered FOB, for Apr./May/June equal shipment from 6’ over the relevant months C. Santos 2/3s, medium to good bean, fine cup, were offered FOB for Apr. through Aug. equal shipment from 18’ to 17’ under the relevant months C. Santos 4s were offered FOB for Apr. through Aug. equal shipment from 40’ to 21’ under the relevant months C, depending on description. Brazil conillon robustas, 5/6s, screen 13, were offered FOB for Apr. shipment from 2’ to 3’ over May London. Prime Mexicans were offered FOB Laredo, for Mar./Apr. crossing from 1.5’ under May C. Prime Mexicans, were offered FOB Veracruz for Mar. through June equal shipment from 3’ to 2’ under the relevant months C. High grown Mexicans, European preparation, were offered FOB Veracruz for Apr. shipment from 3’ to 4’ over May C. Prime Guatemalas, were offered FOB for Apr./May shipment from $6 under the relevant months C. Hard bean Guatemalas, European preparation, were offered FOB for Apr/May/June equal shipment from $4 to $5 over, per 46 kilos, the relevant months C, and strictly hard beans, European preparation, were offered FOB, per 46 kilos, for Mar. through June equal shipment from $11 over the relevant months C. Hard bean Costa Ricas, European preparation, were offered FOB for Mar. through July equal shipment from $10 over per 46 kilos, the relevant months C, and strictly hard beans, European preparation, were offered FOB, per 46 kilos, for Mar. through July equal shipment from $20 over the relevant months C. Central standard Salvadors were offered FOB per 46 kilos, for Mar./Apr. shipment from $4.5 under May C. High grown Salvadors, European preparation, were offered FOB for Apr. shipment from $3 to $2 under, per 46 kilos, May C. Strictly high grown Salvadors, European preparation, were offered FOB for Apr. shipment from equal to, per 46 kilos, May C. Strictly high grown Nicaraguas, European preparation, for Mar./Apr./May equal shipment were offered FOB, per 46 kilos, from $2 over the relevant months C. High grown Hondurans, European preparation, were offered FOB, per 46 kilos, for Mar./Apr. shipment from $3 under May C. Strictly high grown Hondurans, European preparation, were offered FOB, per 46 kilos, for Mar. through June equal shipment from equal to to $1 under the relevant months C. Uganda robustas, screen 15, were offered exdock for Mar. shipment from 10’ over May London. Ivory Coast robustas, grade 2, were offered exdock for prompt shipment from 6.5’ over May London. Vietnam robustas, grade 2, were offered exdock for Apr. shipment from 3’ over May London. Indonesian robustas, grade 4, 80 defects, were offered exdock for Apr. shipment from 4’ to 3’ over May London.
Robusta Contract LONDON FUTURES MARKET March 18, 2005
-In U.S. Dollars per metric ton-
Morning Closing Net
Month Call High Low Range Change Sales
Mar. '05 N.A. 1004 982 953B - 8 109
May '05 N.A. 1020 990 999*1000 - 6 4,723
July 05 N.A. 1049 1018 1025*1032 - 6 2,426
Sept. 05 N.A. 1070 1040 1048*1080 - 6 1,140
Nov. 05 N.A. 1086 1065 1067*1108 - 6 127
Jan. 06 N.A. 1100 1082 1074*1091 - 6 383
Mar. 06 N.A. 1118 1096 1092*1101 - 6 79
May 06 N.A. 1127 1114 ------ - 6 20
9,034
Settlement prices: Mar. 05 - 982; May 05 - 999; July 05 - 1026; Sept. 05 -
1049; Nov. 05 - 1067; Jan. 06 - 1082; Mar. 06 - 1097; May 06 - 1114.
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COLOMBIA FEBRUARY COFFEE PRODUCTION UP 36 PERCENT
Colombian coffee production in February, the fifth month of the 2004/05 crop cycle, was up 36 percent to 1.046 million bags, from total harvested output in February 2004 of 770,000 bags, Colombia's National Federation of Coffee Growers, or Fedecafe, said, Dow Jones Newswires reports.
Total production in the first five months of the cycle was up 9.4 percent at 6.015 million bags, from total production of 5.498 million bags in the October/February period of the 2003/04 crop cycle, Fedecafe said in its monthly production and harvest report. But total coffee production in Colombia in the past 12 months, from March 2004 through February 2005, reached 11.570 million bags, down 1.9 percent from total harvested output of 11.797 million bags in the same period the year before. Colombian coffee exports in February were up 31 percent at 1.274 million 60-kilo bags, Fedecafe said. This compares to total exports in February in the 2003/04-crop cycle of 973,000 bags, Fedecafe said. Total exports since the beginning of the current cycle October 1 through February were up 11 percent at 5.414 million bags, from October/February exports of 4.877 million bags in the 2003/04-harvest year. Coffee shipments in the last 12 months, however, were up 2.1
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percent at 10.691 million bags, from March 2003/February 2004 exports of 10.472 million bags. Fedecafe's export figures include green, soluble, roasted and other coffee types. Colombian coffee production is forecast to rise 4.1 percent in the 2004/05-crop year to 11.5 million bags from 11.05 million bags in the 2003/04 cycle, Fedecafe General Manager Gabriel Silva said in December. Colombia is the world's largest producer of mild, washed arabica coffee, with annual output of between 11 and 12 million bags in recent years. It competes with Vietnam for the spot as the second-largest coffee producer in the world after Brazil, according to the report.
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IVORY COAST COFFEE
Following is a table of the lowest, highest and average price paid for green robusta coffee beans in some coffee growing regions in Ivory Coast between February 28 and March 6, according to data from the country's coffee and cocoa marketing body, the BCC, the Abidjan Bureau of Dow Jones Newswires reports from Abidjan. The data is based on the prices buyers, cooperatives and exporters register with the BCC. Prices are in CFA francs per kilogram ($1=XOF496.561).
Prices paid at the exporters' gates in the ports of Abidjan and San Pedro in the same period, according to the BCC data:
Ivory Coast's coffee season runs from October to September the following year. The coastal growing area between Abidjan and Aboisso, including Grand-Bassam, produced in the seven seasons from 1994 to 2001 on the average 29,055 metric tons of coffee beans per season, the center/west Daloa area 75,300 tons, the center/south Divo area 14,248 tons and the central Gagnoa area 16,616 tons, BCC data show. Bongouanou is part of the eastern Abengourou area, which produced on the average 28,972 tons/season in 1994/2001. The country's total average production in the same period was 239,655 tons per season. Output has slumped since, and in the 2003/04 season exports totaled only 141,896 tons, port data show. Industry sources estimate however last season's total harvest at around 180,000 tons as, the export data do not include local processing and smuggling to neighboring countries, notably from the key Man coffee-growing area, which is held by rebels since 2002. The Man area produced on the average 55,329 tons of coffee beans per season in 1994 to 2001. This season's total crop has been forecast at 150,000 tons, including 35,000 tons in the Man area, the report said.
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U.S. SOLUBLE COFFEE IMPORTS
Imports of soluble coffee into the United States during the month of December 2004 amounted to 3,228,123 kilos, equivalent to about 139,885 60-kilo bags of green coffee, as compared to the 2,724,153 kilos 118,047 bags taken in the month of November 2004 (ref. Ours of March 15th). Total soluble coffee imports into the United States during calendar year 2004 amounted to 29,976,391 kilos, 1,298,977 bags, as compared to the 29,150,550 kilos, 1,263,190 bags, imported in calendar year 2003, the U. S. Bureau of the Census reports.
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