COFFEE WORLD ■ 31
C&CI
levels of broca coffee production), normally starts in
and very warm earnest during the second half of April, March 2010
and dry weather but a lack of rain is preventing good
are adversely flowering and poor bean formation.
affecting
Colombia’s pro-
Stocks are falling
duction. The
broca infestation The shortage of good quality Arabica at
is running at more origins has led to buyers to resort to
than double nor- ICE warehouses for certified coffee.
mal levels due to Since the end of 2008, stocks at ICE
erratic weather have fallen consistently and sharply
during most of the and recently fell below the psychologi-
past 12 months cally important level of 3 million bags.
which prevented Coffee stocks are also falling in major
producers from origin (producer) countries, while in the
Certified Arabica stocks at ICE warehouse have fallen below 3 million bags controlling the US, green coffee stocks have also
spread of the declined lately.
2009/10 was just 2.12 million bags, pest, and an average of 10-12 per cent Taking all of the above-mentioned into
down from 2.98 million in the same of all coffee was damaged by broca in consideration, Macquarie believes that
period a year ago, and around half of the main 2009/10 harvest. stock levels will continue to fall, unless
the 4 million produced in Harvesting of the mid-crop, also Arabica availability increases, and that
October/December 2007." known as the mitaca (which accounts sooner or later this will have to be reflect-
As highlighted recently in C&CI, high for 40-45 per cent of total Colombian ed in New York futures prices. ■ C&CI
Seereederei Baco-Liner GmbH
Königstraße 7-9
47051 Duisburg
Phone +49 203 2865-0
Fax +49 203 2865-301
www.baco-liner.de
YOUR FIRST
CHOICE FOR
WEST AFRICA
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