Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Honduran Coffee Beans Trade at Premium on Delays, Volcafe Says

Dec. 16 (Bloomberg) -- Sellers are demanding a premium for coffee from Honduras, Central America’s largest producer, reversing a discount last week, as rains delay bean arrivals, according to Volcafe, the coffee unit of ED&F Man Holdings Ltd.

Honduran beans are at a premium of 5 cents a pound to the price on the ICE Futures U.S. exchange in New York, up from a discount of 2 cents a pound last week, data from the Winterthur, Switzerland-based trader showed.

“A cold front and some rains are further delaying the arrival of the coffee,” Volcafe said in a report e-mailed today. “Internal prices are firming up as exporters are still in need of coffee to cover their nearby commitments.”

The premium to obtain coffee from Colombia, the world’s second-largest producer of arabica coffee, climbed to 25 cents a pound from 22 cents a pound last week, according to Volcafe.

The weather “remains a problem,” the trader said. “Coffee flow continues to disappoint.” Brazil is the biggest producer.

Colombia’s 2011-12 production will “struggle” to reach 7 million bags, Volcafe estimated on Dec. 13. The country’s crop has been damaged due to rains caused by the La Nina weather pattern, which is associated with cooler than normal water temperatures in the Equatorial Pacific Ocean.

To contact the reporter on this story: Isis Almeida in London at Ialmeida3@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at Ccarpenter2@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.