FBD: Nestlé coffee partnership aims to boost yield
by Sarah Hills FoodBizdaily.com London
November 17 2009 - A new partnership between Nestlé and the Indonesian Coffee & Cocoa Research Institute has been agreed to produce the Robusta coffee plant with better yield and more resistance to drought and disease.
The cooperation agreement between Nestlé Research & Development in Tours, France, and the ICCRI, based in East Java, is to develop high quality Indonesian Robusta Coffee plantlets.
Tours is Nestlé’s centre of excellence for innovation in strategically important plant raw materials, in particular coffee, cocoa and chicory. Its focus is on increasing quality and the sustainability of supply.
The cooperation started in 1994 but this latest agreement expects to improve yield and drought/disease resistance whilst preserving the originality of Indonesian coffee.
Nestlé said in a statement that R&D Tours and ICCRI will undertake the genetic mapping of Indonesian Robusta Coffee to ensure the quality of coffee plants that have been developed from the earlier cooperation.
Debora Tjandrakusuma, legal and corporate affairs director of PT Nestlé Indonesia, said: “What we are doing today is part of our business strategy to create shared value along our value chains.
“We believe that our long term success is dependent on our ability to create value along our value chain, be it our shareholders, employees, consumers, society and our stakeholders.”
Nestlé R&D Tours had already granted the SE (Somatic Embryogenesis) technology to ICCRI to propagate coffee and cacao plantlets in large quantity in a shorter period of time.
These have been planted across ten provinces in Indonesia to revitalise cocoa plantations, which Nestle claims helps the competitiveness of Indonesian farmers on the International markets.
Tjandrakusuma added “We are pleased that with the SE technology granted from Nestlé, based on the partnership between Nestlé and ICCRI since 1994, ICCRI has supported the government in developing original Indonesian coffee and cocoa plantlets with better yield and resistant to disease in a shorter time.”
Nestlé Indonesia, a subsidiary of Nestlé SA, has three factories in Indonesia producing milk, foods and beverages products under its brands, including Kit Kat and Nescafe.
World Coffee Supply May Drop to 124 Million Bags
World Coffee Supply May Drop to 124 Million Bags
By Heather Walsh
Nov. 17 (Bloomberg) -- World coffee supply may drop by about 3.2 percent in the current season, after rainfall pared output in Brazil, Vietnam and Colombia, International Coffee Organization Executive Director Nestor Osorio said.
Global supply may fall to about 124 million bags in the year that started Oct. 1 from 128.1 million bags a year earlier, Osorio said in a telephone interview from Bogota yesterday. A bag of coffee weighs 60 kilograms (132 pounds).
Coffee has rallied 23 percent this year in New York, partly after Colombia’s production touched its lowest level since 1974 last season. At the same time, consumption of the bean will increase to 132 million bags this year, buoyed by sales in emerging markets, Osorio said. Consumption was 130 million bags in 2008, according to ICO estimates.
“There is a very tight situation between supply and demand,” Osorio said.
Coffee stockpiles in producing nations are now at a “negligible” level, Osorio said. Inventories in importing nations may rise to 27 million bags, from 25 million-to-26 million bags, Osorio said.
Arabica-coffee futures for March delivery, the most-active contract, slid 1.7 cents, or 1.2 percent, to $1.3775 a pound on ICE Futures U.S. in New York.
Coffee growers in Brazil, the world’s biggest producer, this year will supply 39 million bags, 15 percent less than the prior season’s 46 million. ICO counts Brazilian coffee that has already been harvested as supply for this season, Osorio said.
Prices May Gain
Coffee may gain to $1.45 a pound in the next month, partly on concern that rainfall is hampering supplies from Brazil, Chintan Parikh, a commodity analyst at CPM Group, said today in a telephone interview from New York. ICO’s global forecast for reduced output also will push the price higher in the “longer- term,” he said.
“There have been ongoing concerns about supply,” he said. “That’s putting upward pressure on prices.”
A bigger crop in Brazil is needed to rebuild stockpiles, said Gil Carlos Barabach, a coffee analyst at Safras & Mercado research group in Brazil, in a telephone interview from Porto Alegre.
“If the crop is hurt and gets smaller, it can have a drastic effect over world stocks,” he said.
Output in Vietnam, the world’s second-biggest producer, may slide to 17.5 million bags from 18.5 million bags, Osorio said.
Colombia Rains
In Colombia, rainfall slashed coffee production 31 percent to a 35-year low last season, pushing it below the harvest in Indonesia, now the third-ranked producing country. Colombia’s crop may remain below Indonesia’s production of about 9 million bags in the current season, Osorio said.
The South American country’s coffee output plunged to 8.66 million bags in the last crop, from 12.5 million in the year through Sept. 2008, according to the ICO.
In the season that starts Oct. 1, 2010, Colombia may recover its spot as the No. 3 producer, with output climbing to about 11 million bags, he said.
To contact the reporters on this story: Heather Walsh in Bogota at hlwalsh@bloomberg.net;
Last Updated: November 17, 2009 13:21 EST
By Heather Walsh
Nov. 17 (Bloomberg) -- World coffee supply may drop by about 3.2 percent in the current season, after rainfall pared output in Brazil, Vietnam and Colombia, International Coffee Organization Executive Director Nestor Osorio said.
Global supply may fall to about 124 million bags in the year that started Oct. 1 from 128.1 million bags a year earlier, Osorio said in a telephone interview from Bogota yesterday. A bag of coffee weighs 60 kilograms (132 pounds).
Coffee has rallied 23 percent this year in New York, partly after Colombia’s production touched its lowest level since 1974 last season. At the same time, consumption of the bean will increase to 132 million bags this year, buoyed by sales in emerging markets, Osorio said. Consumption was 130 million bags in 2008, according to ICO estimates.
“There is a very tight situation between supply and demand,” Osorio said.
Coffee stockpiles in producing nations are now at a “negligible” level, Osorio said. Inventories in importing nations may rise to 27 million bags, from 25 million-to-26 million bags, Osorio said.
Arabica-coffee futures for March delivery, the most-active contract, slid 1.7 cents, or 1.2 percent, to $1.3775 a pound on ICE Futures U.S. in New York.
Coffee growers in Brazil, the world’s biggest producer, this year will supply 39 million bags, 15 percent less than the prior season’s 46 million. ICO counts Brazilian coffee that has already been harvested as supply for this season, Osorio said.
Prices May Gain
Coffee may gain to $1.45 a pound in the next month, partly on concern that rainfall is hampering supplies from Brazil, Chintan Parikh, a commodity analyst at CPM Group, said today in a telephone interview from New York. ICO’s global forecast for reduced output also will push the price higher in the “longer- term,” he said.
“There have been ongoing concerns about supply,” he said. “That’s putting upward pressure on prices.”
A bigger crop in Brazil is needed to rebuild stockpiles, said Gil Carlos Barabach, a coffee analyst at Safras & Mercado research group in Brazil, in a telephone interview from Porto Alegre.
“If the crop is hurt and gets smaller, it can have a drastic effect over world stocks,” he said.
Output in Vietnam, the world’s second-biggest producer, may slide to 17.5 million bags from 18.5 million bags, Osorio said.
Colombia Rains
In Colombia, rainfall slashed coffee production 31 percent to a 35-year low last season, pushing it below the harvest in Indonesia, now the third-ranked producing country. Colombia’s crop may remain below Indonesia’s production of about 9 million bags in the current season, Osorio said.
The South American country’s coffee output plunged to 8.66 million bags in the last crop, from 12.5 million in the year through Sept. 2008, according to the ICO.
In the season that starts Oct. 1, 2010, Colombia may recover its spot as the No. 3 producer, with output climbing to about 11 million bags, he said.
To contact the reporters on this story: Heather Walsh in Bogota at hlwalsh@bloomberg.net;
Last Updated: November 17, 2009 13:21 EST
World Coffee Supply May Drop to 124 Million Bags
World Coffee Supply May Drop to 124 Million Bags
By Heather Walsh
Nov. 17 (Bloomberg) -- World coffee supply may drop by about 3.2 percent in the current season, after rainfall pared output in Brazil, Vietnam and Colombia, International Coffee Organization Executive Director Nestor Osorio said.
Global supply may fall to about 124 million bags in the year that started Oct. 1 from 128.1 million bags a year earlier, Osorio said in a telephone interview from Bogota yesterday. A bag of coffee weighs 60 kilograms (132 pounds).
Coffee has rallied 23 percent this year in New York, partly after Colombia’s production touched its lowest level since 1974 last season. At the same time, consumption of the bean will increase to 132 million bags this year, buoyed by sales in emerging markets, Osorio said. Consumption was 130 million bags in 2008, according to ICO estimates.
“There is a very tight situation between supply and demand,” Osorio said.
Coffee stockpiles in producing nations are now at a “negligible” level, Osorio said. Inventories in importing nations may rise to 27 million bags, from 25 million-to-26 million bags, Osorio said.
Arabica-coffee futures for March delivery, the most-active contract, slid 1.7 cents, or 1.2 percent, to $1.3775 a pound on ICE Futures U.S. in New York.
Coffee growers in Brazil, the world’s biggest producer, this year will supply 39 million bags, 15 percent less than the prior season’s 46 million. ICO counts Brazilian coffee that has already been harvested as supply for this season, Osorio said.
Prices May Gain
Coffee may gain to $1.45 a pound in the next month, partly on concern that rainfall is hampering supplies from Brazil, Chintan Parikh, a commodity analyst at CPM Group, said today in a telephone interview from New York. ICO’s global forecast for reduced output also will push the price higher in the “longer- term,” he said.
“There have been ongoing concerns about supply,” he said. “That’s putting upward pressure on prices.”
A bigger crop in Brazil is needed to rebuild stockpiles, said Gil Carlos Barabach, a coffee analyst at Safras & Mercado research group in Brazil, in a telephone interview from Porto Alegre.
“If the crop is hurt and gets smaller, it can have a drastic effect over world stocks,” he said.
Output in Vietnam, the world’s second-biggest producer, may slide to 17.5 million bags from 18.5 million bags, Osorio said.
Colombia Rains
In Colombia, rainfall slashed coffee production 31 percent to a 35-year low last season, pushing it below the harvest in Indonesia, now the third-ranked producing country. Colombia’s crop may remain below Indonesia’s production of about 9 million bags in the current season, Osorio said.
The South American country’s coffee output plunged to 8.66 million bags in the last crop, from 12.5 million in the year through Sept. 2008, according to the ICO.
In the season that starts Oct. 1, 2010, Colombia may recover its spot as the No. 3 producer, with output climbing to about 11 million bags, he said.
To contact the reporters on this story: Heather Walsh in Bogota at hlwalsh@bloomberg.net;
Last Updated: November 17, 2009 13:21 EST
By Heather Walsh
Nov. 17 (Bloomberg) -- World coffee supply may drop by about 3.2 percent in the current season, after rainfall pared output in Brazil, Vietnam and Colombia, International Coffee Organization Executive Director Nestor Osorio said.
Global supply may fall to about 124 million bags in the year that started Oct. 1 from 128.1 million bags a year earlier, Osorio said in a telephone interview from Bogota yesterday. A bag of coffee weighs 60 kilograms (132 pounds).
Coffee has rallied 23 percent this year in New York, partly after Colombia’s production touched its lowest level since 1974 last season. At the same time, consumption of the bean will increase to 132 million bags this year, buoyed by sales in emerging markets, Osorio said. Consumption was 130 million bags in 2008, according to ICO estimates.
“There is a very tight situation between supply and demand,” Osorio said.
Coffee stockpiles in producing nations are now at a “negligible” level, Osorio said. Inventories in importing nations may rise to 27 million bags, from 25 million-to-26 million bags, Osorio said.
Arabica-coffee futures for March delivery, the most-active contract, slid 1.7 cents, or 1.2 percent, to $1.3775 a pound on ICE Futures U.S. in New York.
Coffee growers in Brazil, the world’s biggest producer, this year will supply 39 million bags, 15 percent less than the prior season’s 46 million. ICO counts Brazilian coffee that has already been harvested as supply for this season, Osorio said.
Prices May Gain
Coffee may gain to $1.45 a pound in the next month, partly on concern that rainfall is hampering supplies from Brazil, Chintan Parikh, a commodity analyst at CPM Group, said today in a telephone interview from New York. ICO’s global forecast for reduced output also will push the price higher in the “longer- term,” he said.
“There have been ongoing concerns about supply,” he said. “That’s putting upward pressure on prices.”
A bigger crop in Brazil is needed to rebuild stockpiles, said Gil Carlos Barabach, a coffee analyst at Safras & Mercado research group in Brazil, in a telephone interview from Porto Alegre.
“If the crop is hurt and gets smaller, it can have a drastic effect over world stocks,” he said.
Output in Vietnam, the world’s second-biggest producer, may slide to 17.5 million bags from 18.5 million bags, Osorio said.
Colombia Rains
In Colombia, rainfall slashed coffee production 31 percent to a 35-year low last season, pushing it below the harvest in Indonesia, now the third-ranked producing country. Colombia’s crop may remain below Indonesia’s production of about 9 million bags in the current season, Osorio said.
The South American country’s coffee output plunged to 8.66 million bags in the last crop, from 12.5 million in the year through Sept. 2008, according to the ICO.
In the season that starts Oct. 1, 2010, Colombia may recover its spot as the No. 3 producer, with output climbing to about 11 million bags, he said.
To contact the reporters on this story: Heather Walsh in Bogota at hlwalsh@bloomberg.net;
Last Updated: November 17, 2009 13:21 EST
Subscribe to:
Posts
(
Atom
)
