NY coffee Cocoa market close review for today, April 27, 2011

COFFEE

* July arabica coffee futures reversed to close up  0.10 cent at $2.9640 per lb.
 

* Contract remained near last week's 34-year peak at  $3.0250 per lb.
 

* Market eased for most of the day on pressure from the commodity complex, which fell as investors took profits ahead  of the policy statement from the U.S. Federal Reserve -  traders.

LONDON Coffee and Cocoa market close review for today, April 27, 2011

* Liffe July robusta coffee rose $34 to close at  $2,536 a tonne after setting a contract high of $2,555. Robustas  finally gained some ground on the arabica market following a  prolonged decline in its relative value.

* Liffe July cocoa ended 20 pounds higher at 1,927  pounds a tonne. Traders are monitoring the situation in top  grower Ivory Coast, where the cocoa sector is set to resume  operations within days following a violent post-election  conflict.
Source : Reuters

Cocoa Brazil Delivery Up 12 %

BRASILIA, April 27, 2011 - Deliveries of cocoa to warehouses from the main growing regions in Brazil were up 12 percent from a year ago, with just one week left before the 2010/11 season ends, Bahia Commercial Association data showed on Tuesday.

Cocoa deliveries have slowed to a trickle in the lull between the end of the main crop and the start of the forthcoming mid crop which should begin harvesting in May or June depending on the region.

The mid crop in the top cocoa state Bahia is likely to fall about 15 percent from last year's to around 1.1 million 60-kg bags (66,000 tonnes), though output has been climbing in other states and may compensate if the trend continues next season.

Fotecast : Indonesia Vietnam and Thailand Coffee for today April 27, 2011

INDONESIA

SUMMARY- Additional showers and thundershowers yesterday, 0.10-1.50+ inches (3-38+ mm). Temperatures 78-94F (26-34C).

FORECAST-

TODAY...Tropical showers and thundershowers likely, rainfall amounts 0.25-1.25+ inches (6-32+ mm). Temperatures 77-94F (25-34C).

TONIGHT...Showers diminish overnight.

Italians keep drinking coffee despite price rises

MILAN, April 26, 2011  - Italians keep drinking coffee, despite rising prices, and this year they are consuming as much or even slightly more than in 2010 although they have more at home to save money, a senior industry official said.

Italy is one of Europe's major coffee markets, using about 5.7-5.8 kg per head and with total consumption of 5.8 million 60-kg coffee bags in 2009, according to data from the International Coffee Organisation (ICO).

Italy's coffee demand eased 0.2-0.3 percent in 2010 but is set to stabilise this year, Gianluigi Sora, chairman of Istituto Nazionale Espresso Italiano (INEI) industry body told Reuters on Tuesday.

Forecast : Ecuador 11/12 coffee output to 'remain steady'

WASHINGTON, April 27, 2011 - Following are selected highlights from a report issued by a U.S. Department of Agriculture attache in Ecuador:

"Coffee production for MY 2011/12 will remain steady at 650,000 60-Kg. bags. This is the result of increasingly higher yields resulting from the adoption of better agricultural practices by young new entrepreneurial farmers, offset by

overall decaying plantations that urgently need to be renovated. 

Since 2005, Ecuador has renovated or added almost 16,000 hectares dedicated to coffee but has switched production of at least 12,000 ha.

Ivorian cocoa mid-crop boosted by fine weather

ABIDJAN, April 27, 2011- Patchy rains and sun in Ivory Coast's cocoa growing regions last week was good news for the development of the April-to-September mid-crop, farmers and analysts said on Tuesday.

Traders are eyeing the mid-crop in the world's top cocoa producer, with several exporters forecasting between 250,000 and 300,000 tonnes reaching port -- where warehouses are already brimming with tonnage delayed by a violent political struggle.

A top cocoa sector official told Reuters on Tuesday he expected exports to resume in the coming days, once a disute over customs payment arrangements is settled.

outlook : Q&A-What is the latest on Vietnam's 2011/2012 coffee production?

HANOI, April 27, 2011 - Farmers in Vietnam's Central Highlands have nearly finished their last phase of tree watering for the 2011/2012 harvest, while rains have started falling as the country transitions into the rainy season.

Following are some questions and answers on the current stage of coffee production in Vietnam, the world's second-largest grower after Brazil and the biggest exporter of robusta beans.

WHERE DOES VIETNAM'S COFFEE CROP STAND NOW?

Farmers will complete their last phase of tree watering soon as the rainy season returns to the coffee region slightly earlier than usual due to the impact of the La Nina weather phenomenon, a state forecaster has said.