According to Sunny Verghese, the chief executive of Olam International, coffee prices will shoot upwards in the near future.
Verghese, the chief executive of Olam International, a Singaporean-based soft commodity training company, believes the industry will break free from the shackles of the past six months.
The business of producing forecasts and making accurate predictions is a funny old game, one that often flies in the face of logic.
Despite feeling the effects of El Nino, Colombia is set to recorded its highest coffee harvest in nearly a quarter of a century.
US officials have looked at the data, analysed the weather patterns and believe that the mild, drought-like conditions could actually benefit the South American country’s coffee farmers.
“For every three workers we need, we have two,” states Juan David Rendon.
Rendon, the head of the Andes Coffee Cooperative, oversees the work of a number of coffee farms and plantations; combined, the cooperative own about 86,000 acres of arable land that is used for coffee farming.
But despite tackle adverse weather patterns and fluctuating market prices, the biggest battle he, his coffee farmers and his colleagues elsewhere in the country face is an absence of staff.
The Alliance for Coffee Excellence (ACE) has been running their Cup of Excellence program since it was first launched in Brazil in 1999. Since that maiden event, the Cup of Excellence (COE) has grown to include – at one point – eleven different coffee producing nations and countless farmers.
At the moment there are twelve different COE events covering ten countries.
For those in the trade who are on the hunt for the best coffee in the world, it’s a much-loved event and for those farmers and plantation workers it is a vital part of the calendar – a good score from the COE judges can increase the value of their handiwork increase exponentially.
After battling off disease and inclement weather, a number of international news agencies are reporting that the coffee farmers of Colombia are facing a new problem that is potentially their most serious to date: a lack of workers to help pick their bumper harvests.
According to some reports, some towns and regions have resorted to unusual forms of advertising to draw in seasonal staff. But it seems that people aren’t that interested.
One of the biggest South American coffee chains has set its sights on Costa Rica announcing that up to five branded shops will be unveiled in Costa Rica this year at a cost expected to be in the region of $2m.
Juan Valdez was founded in 2002, though in theory it can trace its history right back to the creation of the Juan Valdez character by the National Federation of Coffee Growers.
“It’s been our great leap forward,” beamed Luiz Samper, a marketing director at the Colombian Coffee Growers Federation (FNC).
Samper is referring to the latest set of figures which suggest that the amount of high quality Arabica coffee that is grown in Colombia is set to rise and reach ‘pre-crisis’ levels in the not too distant future. Even better, forecasters are predicting further growth over the next couple of years.
“Every day it’s getting worse,” said Pedro Echeverria.
Echeverria is coffee farmer based in the Colombian province of Antioquia and, like so many of his colleagues; he is bracing himself for an influx of insects that could potentially decimate his entire harvest.
A prolonged dry spell combined with consistently high temperatures is threatening to create the perfect environment for the coffee berry borer to prosper.
For the first time since their inception in the 1970s, Costa Coffee appears to be offering their customers a different type of coffee, the British press report.
When the two brothers Sergio and Bruno Costa opened up a roasting plant in Lambeth, South London, the duo set up an Italian style Mocha blend, which has become their signature taste over the past forty years.
A series of new roasts will be available in some stores from next Friday.
The weather has caused a number of problems for coffee growing countries as extended dry spells and the presence of drought has seen widely fluctuating coffee futures as production levels appear to rise and fall on a daily basis.
But amidst the uncertainty, coffee levels in Colombia appear to be booming at a time when most other nations are struggling due to the inclement climate.
Earlier on the Colombian Coffee Growers Federation (CFC) published a report that showcased a 28% increase on production levels during the first quarter of the year when compared to the same period in 2013. This translates as an additional 600,000 bags of coffee that have been available for export.