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Coffee Update

Brazil

Brazil continues to offer government-owned stocks through its auction system.

Brazil: Auctions of Government-Owned Coffee Stocks
Date of Auction Quantity Offered Quantity Sold Price Range
  --------60-kilogram bags-------- Brazil reais/bag
2000      
May 24 110,111 109,337 136.00-163.00
July 19 127,361 125,807 142.00-169.70
August 23 133,408 130,987 112.40-136.70
September 20 135,598 110,917 N/A
October 25 135,508 109,094 108.00-130.70
November 22 135,805 101,695 avg. 107.95
December 20 135,150 93,576 90.00-100.80
January 17 133,615 128,239 87.00-106.40
February 14 134,011 99,020 88.40-95.70

 

United States

U.S. coffee stocks at the end of January totaled 5.6 million bags, down 236,000 bags from the December 31, 2000, level. Details follow in 60-kilogram bags:

Location December 31 January 31 Difference
New York 1,501,823 1,503,624 1,801
New Orleans 2,288,496 2,256,375 (32,121)
Jacksonville 181,103 169,090 (12,013)
Miami 1,094,865 1,101,397 6,532
Houston 138,615 147,473 8,858
Laredo 98,779 97,398 (1,381)
Port Everglades 49,589 49,589 0
San Francisco 200,884 238,750 37,866
Los Angeles 5,924 5,746 (178)
Seattle 0 0 0
Norfolk 21,216 20,454 (762)
Philadelphia 11,916 12,648 732
Baltimore 0 0 0
Total 5,593,210 5,602,544 9,334

 

Colombia

According to reports, the government of Colombia has approved a $100 million loan to the National Coffee Fund that will fund Colombia's participation in the Association of Coffee Producing Countries (ACPC) retention scheme. On September 29, 2000, the ACPC agreed to withhold 20 percent of the exportable supply of coffee beans from the market in an attempt to raise coffee prices. The retention plan went into effect on October 1.


Last modified: Sunday, March 17, 2013