Coffee News
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Nigerian Cocoa Processors to Obtain Credit After Debts
Repaid - 27/05/10
Cocoa processors in Nigeria expect to obtain new credit lines from banks
after clearing part of their outstanding debts using government aid. Processors
received a state grant aimed at boosting non-oil exports in the country
according to the Cocoa Processors Association of Nigeria. The grant has
relieved us of a lot of financial strain and will be used to finance new
investment in increasing capacity.
Nigeria’s government is trying to diversify its economy
and become less reliant on crude, which generates more than 90% of the nation’s
export earnings. In January, the government announced a 21.5 billion-naira
[US$141.4 million] export-expansion grant to be given to companies that export
manufactured, non-oil goods. Cocoa grinders in Nigeria want the government
to do more to help the industry, including improving access to European markets.
Without this assistance,
the processing industry in the country won’t grow.
According to the association
Nigeria should sign an Economic Partnership Agreement with the European Union
to increase access to that market. Without
the pact, Nigerian processors pay a 4.5% duty on butter exports and 6.5%
on cocoa cake, while shipments from Ghana and Ivory Coast aren’t
subject to such tariffs. Nobody is asking for Nigerian butter in Europe,
due to the
ridiculous price which makes it more profitable to export raw cocoa than
to process it.
The Cocoa Association of Nigeria, which groups producers, processors,
traders and regulators, estimates that only 20% of the country’s
cocoa is currently processed, with the remaining 80% exported as raw beans.
Nigerian cocoa production
ranks behind Ivory Coast, Ghana and Indonesia in terms of volume, according
to the International Cocoa Organization. [BL 27/05/10]
IACO Secretary General Meets Ivorian President - 22/04/10
The Inter-African Coffee Organisation [IACO] held an audience with President
Gbagbo to mark the 50th anniversary of the organisation. An event is scheduled
on 06/12/10 in Abidjan at the institution's headquarters. The President
has decided to set up a preparatory commission to be coordinated by the
country's ambassador to the UN, Alcide Djedje assisted by the legal adviser
for the presidency, Geraldine Brou. The commission will integrate the Ministers
of Foreign Affairs, Commerce, Agriculture, Home Affairs, IACO Secretariat
and the Management Committee of Cocoa Coffee. [APA 22/04/10]
Angolan Producers to Sell 951 Tonnes of Coffee to Procafé -
26/04/10
Coffee growers are expected to sell 951 tonnes of coffee to Procafé by
June. The institution's general director, Romualdo Abel Traça Dias
dos Santos estimated a spend of 59,218,125 million kwanzas, on beans from
Uíge [435t], Kwanza Norte [339t], Kwanza Sul [129t] and Bengo Provinces
[48t]. [APA 26/04/10]
Coffee Prices Gain on Forecast Output to Drop - 08/02/10
Coffee futures rose for the first time in 4-sessions on forecasts that global
output will drop and demand will outpace supplies. World output will fall
to 123.6 million bags in the crop year ending Sept. 30 from 128.2 million
bags in the previous year according to the London-based International Coffee
Organization. Demand will reach 130 million to 132 million bags. A bag
weighs 60 kilograms [132 pounds].
Arabica-coffee futures for March delivery
rose 1.85 cents, or 1.4%, to US$1.3065 a pound on ICE Futures U.S. in New
York. The price dropped 4.6% in the previous
3-sessions. Production in Brazil, the world’s largest grower, may total
44 million bags this year, less than the Agriculture Ministry’s forecast
for between 45.9 million bags and 48.7 million bags, as rainfall damages
the crop, a government meteorologist said. Coffee has climbed 9.3% in the
past year as adverse weather damaged crops in Brazil and Colombia. [BL 08/02/10]
Ghana To Host International Coffee Forum - 17/11/09
Ghana is to host the 49th Annual General
Assembly [AGA] of the International African
Coffee Organisation [IACO www.ico.org] from
23-27/11/09.
The Assembly, which coincides with the 8th
General Meeting of the African Coffee
Research Netwowk [ACRN], the research
wing of IACO, will serve as a platform to
discuss and exchange information between
its members on the challenges to the growth
of the coffee industry on the continent. It is
also aimed at offering IACO member
countries the opportunity to discuss activities
of the ACRN. On the sidelines of the AGA, a
workshop on coffee statistics aimed at
building capacity of countries to enable them
improve on their compliance of the statistical
rules of the International Coffee Organization
will be held.
A training session on the evaluation of gourmet Robusta coffee
quality will be organised for selected trainees from at least 4-
Robusta producing member countries including Ghana to build their capacity
in coffee liquoring and assessment of the
grade and quality of Robusta coffee for the gourmet market.
Africa currently produces about 12% of coffee globally. The AGA is to be
used as a launch-pad to revamp Africa’s coffee
industry to realize the full potential of the sector.
Ghana indicated that with the necessary support, revenue from coffee could
be substantially increased to supplement
government's revenue from other sources to aid its development agenda. Ghana
earned US$1.3 million and US$2.8 million
from coffee exports in 2007 and 2008 respectively. COCOBOD is to take advantage
of the programme to encourage coffee
farmers in Ghana to increase production, promote the consumption of the commodity
locally and institute measures to add
value to coffee for export to emerging markets. [GNA 17/11/09]
Ghana & Gabon Obtain Full ICO Membership Status
- 20/08/09
Ghana and Gabon have officially become full members of the International
Coffee Organisation [ICO] at a ceremony at the Head Quarters of the organisation
in London. With this status, they have joined India, Indonesia, Nicaragua,
Panama, Papua New Guinea and Thailand in accepting full membership into
the ICO. This brings the total number of coffee export members of the organisation
to 45. The International Coffee Organization [ICO] is the main intergovernmental
organization for coffee, bringing together producing and consuming countries
to tackle the challenges facing the world coffee sector through international
cooperation. It makes a practical contribution to the world coffee economy
and to improving standards of living in developing countries.
Ghana from now
on, will also be part of coffee exporting countries that participate
and benefit from coffee development projects, which currently
totaling US$85 million. It will also enjoy practical assistance by the
ICO to the world coffee economy, which ensures sustainable development and
poverty
reduction in coffee-producing developing countries. Ghana reached its highest
coffee production level in 1997/1998 with an export of 10,000 metric tonnes
but there has been a gradual decline in exports due
to the slump in world market prices and poor pricing policy. Plans are afoot
to provide an enabling environment for farmers to help revamp the industry.
The ICO announced that Ghana will host its next general assembly in November
2009. [GNA 20/08/09]
Angola To Relaunch Robusta Coffee Production/Roasting
- 24/07/09
Angola has been urged by the Inter African Coffee Organisation/Organisation
InterAfricaine du Café [IACO/OIAC - www.iaco-oiac.org] to take advantage
of the shortage of robusta coffee in the world market and to relaunch the
country’s production. IACO’s secretary general, Josefa Correia
Sacko released results of a pilot project to rehabilitate coffee production
in central Kwanza Sul province. This project will act as a model for coffee
production in provinces of Kwanza Norte, Bengo and Uíge. Sacko also
noted Angola should encourage the national business community to develop
coffee-roasting to supply the markets of Central Africa and Austria. [ANGOP
11& 24/07/09]
Angola: Coffee To Become Important In Diversification
Of Economy - 21/05/09
The minister of Agriculture, Afonso Canga, has announced that coffee will
become a significant element among Angola’s exports as well as a
pillar in the diversification of the economy. Canga was speaking at the
opening of the workshop on scientific research and development of the coffee
sector in Uige under the motto "Angola, towards recovery of coffee
culture". Canga also noted the need to promote the work of the National
Institute of Coffee [INCA] to enhance national production. [ANGOP 21/05/09]
Cameroon
08-09 Robusta, Arabica Output To Reach 50,000 Tons - 11/05/09
Robusta and Arabica coffee output for the ongoing 2008-09 season is expected
to climb to 50,000 metric tons according to the National Cocoa and Coffee
Board [NCCB]. Managing Director of the board, Michael Ndoping, spoke
after holding a 2-day meeting with stakeholders of the coffee sector,
in which
Cameroon government officials discussed new ways of increasing the country's
coffee output. Cameroon is in the middle of the coffee season, and with the
current weather situation, is confident to hit this output. Cameroon produced
30,044 tons
of robusta in the 2007-08 season, and 5,198 tons of Arabica in the 2007-08
season. [DJ 11/05/09]
Cameroon Government Consulting On Ways To Lift Robusta
Output - 11/05/09
The Cameroon government and industry stakeholders are seeking strategies
to lift robusta coffee output to 65,000 metric tons by 2015. Two promotional
meetings have been held in Bafoussam and Douala with key players in the
sector. The NCCB is working in synergy with the government to produce
and provide robusta coffee seedlings to farmers, as well as reduce prices
for
inputs, to enable farmers to open new coffee farms, and/or revamp old
ones to raise robusta coffee production.
Cameroon has witnessed a dive
in robusta production since the government liberalized the sector. With
falling world prices, farmers destroyed their
coffee crops in the 1990s, switching to food crop cultivation.
Now that prices have kept a steady rise at the world markets the NCCB is
encouraging farmers to resume coffee cultivation. The new project will
begin by the end of this coffee season, which runs from December to November.
[DJ
11/05/09]
Coffee Production May Be Doubled In Cameroon - 20/03/09
Cameroon is aiming to double its coffee production in the next few years.
At its peak during the 1960s,
According to Michael Ndoping, general manager of the National Cocoa and Coffee
Board, Cameroon
produced 120,000 tonnes of coffee each year but that level has fallen to
around 40,000 tonnes today. “
By 2013, we want it to be at 80,000 tonnes”. [PL 20/03/09]
Cameroon Coffee Output Down By A Third - 06/01/09
Cameroon produced a third less coffee last season as older farmers, a shortage
of workers and generally substandard soil quality affected output. Michael
Ndoping, general manager of the National Cocoa and Coffee Board, said total
output declined to 35,242 tonnes in the 2007/08 season, down from 51,876
tonnes in the previous crop year. Robusta production dropped 36% to 30,044
tonnes but the arabica crop was up 10% to 5,198 tonnes.
Mr Ndoping attributed
the overall drop in output to aging farms, labour shortages and poor soil
quality, adding that Cameroon was struggling to attract
young farmers to the sector. "Since coffee growing is labour intensive,
this has seriously affected production. In spite of the government's effort
to reduce the charges of inputs, they remain relatively expensive for farmers."
Cameroon
is Africa's fifth biggest producer of coffee and around 41% of the country's
robusta is exported to top buyer Italy, with 66% of the arabica
crop heading to Germany. [PL 06/01/09]
Companies Interested In Buying Coffee Must Apply For
Licence-COCOBOD - 27/01/09
The Ghana Cocoa Board [COCOBOD] has requested that companies interested in
the purchase of coffee must apply to the Board for licence. COCOBOD’s
mandate is to regulate the coffee industry and
warned that it would take legal action against companies found to be engaged
in the purchase of coffee without licence. There are currently 5-Licensed-Buying
Companies [LBC’s]: De Long Limited; Kassardjan Industries [Ghana] Limited;
Lonto Limited; Mamita Coffee Product Limited; and Time Marketing Company
Limited. [GNA 27/01/09]
Angola To Invest US$150 Million To Revive Coffee -
13/01/09
Angola, once a top coffee producer, will invest US$150 million in 4-years
to relaunch its coffee sector as world market prices gradually recover
from recent lows. Angola, which exports less than 5% of its 1970s record
of 200,000 tonnes of coffee per year once was the fourth largest producer
of coffee in the world. Now it expects output to increase to 50,000 tonnes
a year by 2013 on the back of a plan to train farmers and modernise coffee
plants across the nation.
"We will train coffee producers, provide them with vehicles, modern
roasting and grinding machines and other tools to help revive Angola's once
prosperous coffee sector," Joao Neto, the head of Angola's Coffee Institute.
Angola’s
coffee fields were mainly destroyed or abandoned during a 27-year civil.
Coffee farms were gradually replaced with basic food crops
like cassava and maize. Angolans are now realizing the sector's strong potential
for growth and high profit margins. Three years ago there was one coffee
exporter in Angola, today there are seven.
A global coffee shortfall is seen
in 2009/10 with output in No.1 producer Brazil set to fall and demand expected
to hold up despite the economic downturn.
Angola is expected to export around 17,000 tonnes of coffee in 2009, up from
12,000 in the previous year. Neto predicted a rise in coffee exports of around
30% a year would soon turn Angola into one of the world's top coffee producers. "If
we export 50,000 tonnes of coffee by 2013, pretty soon we will reach 200,000
tonnes. That is roughly the same amount we were exporting towards the end
of colonial era." [RT 13/01/09]
Ivory Coast 08/09 Coffee Crop Seen Up At 150,000 T
- 21/11/08
Ivory Coast's 2008/09 coffee crop will be bigger than last season's as plants
benefit from wetter weather. Ivory Coast, Africa's third largest coffee
producer after Ethiopia and Uganda, registered 107,735 tonnes of robusta
coffee for export in the 2007/08 season which finished in September, according
the Coffee and Cocoa Bourse. 150,000 tonnes is expected this season as
a result of well-timed rainfall. In the western region of Man, which produces
the bulk of Ivory Coast's coffee, farmers said growing conditions were
good, and the harvest would be greater than last season. [RT 21/11/08]
Angola:
Over 110 Tons of Coffee Harvested - 29/10/08
About 115 tons of coffee were harvested in the current agricultural season
in the northern Cabinda Province, mainly from Buco Zau District and Tando
Zinze. Coffee growers had benefited from a micro credit granted by the
National Coffee Institute [INCA], in order to boost the production of
this product in the region. [APA 29/10/08]
ICO Raises Estimate For 2008/09 World Coffee Production
- 12/09/08
Global coffee production in 2008/09 is now expected to reach about 131m bags,
up from a previous estimate of 128m bags according to the International
Coffee Organisation. [PL 12/09/08]