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Monday, April 25, 2011

NY Coffee and cocoa market close review for today, April 25, 2011

COFFEE
* July arabica coffee futures fell 3.75 cents or 1.3 percent to  close at $2.9080 per lb.
 
* July rose early on thin volumes, moving back towards last week's  34-year high at $3.0250 per lb, but reversed lower on investor selling as  the commodity complex fell - traders.
 
* Total volume at 9,492 lots, down 63 percent from Easter Monday 2010 -  preliminary Thomson Reuters data.

Forecast : Indonesia Vietnam and Thailand Coffee Weather today, April 25, 2011


INDONESIA
SUMMARY- Tropical showers and thundershowers the past few days, rainfallamounts 0.25-2.50+ inches (6-64+ mm). Temperatures 77-94F (25-34C).

FORECAST-
TODAY...Scattered showers and thundershowers likely, 0.10-1.25+ inches (3-32+mm). Temperatures 77-94F (25-34C).

TONIGHT...Showers diminish overnight.

Vietnam to cut coffee area but keep output stable by 2020

HANOI, April 25, 2011 - Vietnam, the world's second-largest coffee producer after Brazil, planned to cut its total coffee acreage by 13.5 percent to 480,000 hectares (1.19 million acres) while keeping output stable by the end of this decade, state-run media reported.

The area would be trimmed from 555,000 hectares, while Vietnam will aim to produce about 1.1 million tonnes, or 18.33 million 60-kg bags, of coffee a year, similar to the output of the 2010/2011 crop, the official Vietnam News Agency said.