Poor Farmer

The local coffee industry estimates half a million homes now have espresso makers and single-serve coffee by multinationals Nestle and Sara Lee is taking off as well. The world relies on large coffee producers like Brazil. Supplies of superior grades of beans have run short this year as demand grows and after bad weather and tree renewal dented Colombia's prized arabica produce for two seasons. The United States consumed about 21.78 million bags last year, up 1.6 percent from 2009 when demand had fallen slightly on economic woes, according to a monthly report by the International Coffee Organization.Brazilians gulped down 18.95 million 60 kg bags worth of coffee in 2010, about 40 percent of total production. Finland has the highest consumption of coffee per capita. Brazil's coffee consumption seen overtaking US November 11, 2011 By Alex Leff Reuters Nov 11 (Reuters) -   Brazil   could overtake the United States in overall coffee consumption in the nex...

Some two thirds of global stocks of robusta coffee certified by NYSE Liffe are concentrated in a few warehouses in Antwerp, creating a bottleneck that is forcing some coffee firms to wait until January to get deliveries. Dwindling stocks in Vietnam, the world's second biggest coffee producer after   Brazil, helped push prices for beans purchased at origin to high premiums over Liffe futures and caused the coffee industry to turn to stocks held in Europe. Exclusive: Europe coffee buyers upset at Liffe delivery delays By Sarah McFarlane Reuters November 11, 2011 (Reuters) - Coffee trade houses and roasters in Europe are fuming over delays of several months in getting supplies out of warehouses in Antwerp and say the Liffe exchange is failing to meet its mandate as supplier of last resort. Some two thirds of global stocks of robusta coffee certified by NYSE Liffe ( NYX.N ) are concentrated in a few warehouses in Antwerp, creating a bottleneck that is forcing ...

By Heather Walsh Bloomberg Businessweek November 11, 2011 Nov. 11 (Bloomberg) -- Colombia, the second-largest supplier of Arabica coffee beans, said output slumped 19 percent in October because of rain that will cut the 2011 crop to a two- year low. Output fell to 656,000 bags from 807,000 bags in the year- earlier period, according to an e-mailed statement today from the Bogota-based Colombian National Federation of Coffee Growers. Exports declined to 592,000 bags from 632,000 bags, Arabica coffee futures have gained about 13 percent in the past 12 months as above-average rainfall in Colombia trims inventories. The South American nation last week cut its 2012 production forecast by as much as 23 percent because of adverse weather. Output next year likely will be 8.5 million to 9.5 million bags, Luis Munoz, head of the federation, said Nov. 4 in Cartagena, Colombia. This year, the nation will produce 8.5 million bags, down from a prior forecast of 9 million ba...

The largest U.S. seller of single-serve brewers, which plunged the most ever yesterday after its sales trailed analysts' estimates, has fallen as much as 63 percent from its all-time high in September, according to data compiled by Bloomberg. The drop, which wiped out $11 billion of market value, left Green Mountain trading at 28 times earnings, still more than 90 percent higher than the median S&P 500 company. Green Mountain Making Coffee 90% Costlier Than S&P 500: Real M&A Tara Lachapelle, Joseph Ciolli and Rita Nazareth Bloomberg News November 11, 2011 Nov. 11 (Bloomberg) -- Even after losing more than half its value, Green Mountain Coffee Roasters Inc. is still almost twice as expensive for potential acquirers as the median company in the Standard & Poor's 500 Index. The largest U.S. seller of single-serve brewers, which plunged the most ever yesterday after its sales trailed analysts' estimates, has fallen as much as 63 percent ...