Grace Gitau
Soft Commodities Reporter at Bloomberg News
Proudly Kenyan. Journalist @Bloomberg, Covering everything Coffee, Sugar, Cocoa & Cotton Ex-Reporter @NationAfrica Alumni @MundusJourn Views are my own!
Articles
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1 week ago |
bloomberg.com | Grace Gitau
A raw sugar warehouse. (Bloomberg) -- Raw sugar futures rebounded from a four-year low in New York after Pakistan initiated plans to import the sweetener to tame high domestic prices. Pakistan’s government will seek cabinet approval to import 250,000 tons of raw sugar, according to a Thursday statement issued by the deputy prime minister’s office. Imports, if approved, would boost demand at a time when global prices have slumped due to an absence of buyers and expectations of a surplus.
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1 week ago |
bloomberglinea.com | Grace Gitau |Dimas Ardian
Bloomberg — El tostador italiano Illycaffe SpA espera que el costo del café en grano siga bajando, lo que ayudará a proteger a los clientes de nuevas subidas tras una escalada de los precios. La empresa familiar, conocida por su espresso de alta gama en latas plateadas y rojas, subió los precios dos veces este año tras el aumento del precio del arábica debido a los temores por la oferta.
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1 week ago |
bloomberglinea.com.br | Grace Gitau
Bloomberg — A torrefadora italiana Illycaffe espera que o custo dos grãos de café continue caindo, ajudando a proteger os clientes de novos aumentos após uma alta nos preços. A empresa familiar conhecida pelo café espresso de alta qualidade que vende em latas prateadas e vermelhas, aumentou os preços duas vezes este ano depois que os temores quanto ao fornecimento elevaram o custo do arábica.
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1 week ago |
bloomberg.com | Grace Gitau
Illycaffe SpA CEO Cristina Scocchia(Bloomberg) -- Italian roaster Illycaffe SpA expects the cost of coffee beans to continue to fall, helping to shield customers from further hikes following a run-up in prices. The family-owned firm, known for the high-end espresso it sells in silver-and-red tins, raised prices twice this year after supply fears drove up the cost of arabica. The beans are now trading only slightly above levels seen at the start of the year, amid strong production forecasts.
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1 week ago |
bloomberg.com | Dayanne Sousa |Pratik Parija |Grace Gitau
Cocoa pods at a farm in Kwabeng, Ghana, in 2023. (Bloomberg) -- Raw sugar futures retreated in New York, posting the biggest intraday loss in more than two months on an outlook for improving global supplies. The most-active contract fell as much as 3.1%, erasing gains from Monday’s rally and nearing four-year lows again.
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The threat of a coming squeeze in Europe’s coffee supplies is stoking volatility as traders worry that a new law to protect forests will curb imports https://t.co/euoTKHBEpE via @markets
RT @business: A new law tracing the origin of cocoa beans threatens to jolt the prices of chocolate, skin-care products and herbal medicine…
Ivory Coast stops a tax incentive for cocoa grinders as it tries to meet the terms of an IMF loan program, dealing a blow to foreign companies that make up the majority of domestic processing. https://t.co/dEstnvyrwp
