Arabica coffee futures dipped yesterday, reversing the six-month high reached on Friday. The main contract for March delivery in New York lost 495 points (-2.7%) to close at 179.40 cents per lb. The decline was attributed to improved weather forecasts in Brazil, where rains are expected to increase in the second half of December, providing relief and boosting crop prospects.

Weakness in Brazilian Currency Exerts Pressure on Prices

Another factor putting pressure on coffee prices was the weakness of the Brazilian real. The currency fell to a one-month low against the dollar on Monday, encouraging export selling and contributing to the decline in futures prices.

Honduras’ Coffee Exports Surge

Exports from Honduras, Central America’s largest coffee producer, saw a significant increase. According to preliminary data from the National Coffee Institute of Honduras (IHCAFE), exports surged 62.7% year-on-year to reach 110,413 bags. Cumulative exports for the first two months of the current coffee year were also higher, totaling 109,494 bags, a 17.91% increase compared to the previous year.

However, IHCAFE expects that exports for the current October 2023 to September 2024 crop year will be 6.60% lower than the previous year, totaling 4.98 million bags.

London Coffee Futures Down as Vietnam’s Harvesting Conditions Improve

In London, coffee futures also declined from the previous week. The main contract for January delivery closed $26 lower at $2,546. The weather in Vietnam has been favorable for harvesting, thanks to cooler temperatures and drier conditions, leading to an increase in the flow of coffee from the new crop.

Analysts Forecast Higher Production for Brazil’s Next Crop Year

Analysts at Safras & Mercado predict higher production for Brazil’s next crop year. For the July 2024 to June 2025 crop year, production is expected to range between 69 and 71 million bags, a 5% increase compared to the current crop year, estimated at 66.65 million bags. Arabica production is projected to be between 46 and 47 million bags, while Conilon Robusta production will see a slight increase to total between 23 and 24 million bags.

Olivia

In the vast and diverse world of coffee, coffee alternatives, and tea, Olivia has found her calling. As an author and a dedicated coffee and tea aficionado, her work for Cappuccino Oracle reflects her profound love and understanding of the intricate complexities found within these beverages. Olivia’s passion for the subject serves as both a catalyst for her creativity and a connection point with her audience.

Olivia’s appreciation for coffee, coffee alternatives, and tea blossomed at an early age. She discovered that these beverages invigorated her senses and stimulated her creative spirit. From the nuanced flavors of single-origin roasts to the captivating narratives intertwined with coffee, coffee alternatives, and tea trade and culture, Olivia found an unlimited source of inspiration in her daily cup.

Her love for these beverages and her talent for storytelling eventually converged at Cappuccino Oracle. As an author, Olivia’s mission is to illuminate the intricate tapestry that makes up the world of coffee, coffee alternatives, and tea. Her articles span a diverse range of topics, encompassing everything from the unique flavors of different brews to the sociocultural history intertwined with their cultivation and consumption.

Introduction

A South Korean company, FollettoRobotics, has been chosen for a leading remote service activation project in the field of daily life. The company, known for its high-speed laser printer solutions, is now focusing on revolutionizing the coffee industry with its latest creation.

The Innovation: Cafe Zinho

FollettoRobotics has developed Cafe Zinho, an AI barista robot that specializes in latte art. This automated robot replicates the actions and latte art techniques of a skilled barista, using a robotic arm for various movements.

Hygiene and Efficiency

Cafe Zinho incorporates a self-cleaning system with a built-in steam feature post latte art application. The cleaning process, which involves water over 70℃, effectively prevents bacterial growth, ensuring hygienic beverage production. Additionally, the robot includes a cap closing function to preserve beverage temperature.

Optimizing Espresso Brewing

The company is also focusing on refining its AI calibration to optimize espresso brewing. This involves considering ambient temperature, humidity, roasting time of the beans, and extraction timing. By taking these factors into account, Cafe Zinho aims to consistently deliver the perfect cup of coffee.

Conclusion

With its innovative AI barista robot, FollettoRobotics is revolutionizing the coffee industry. Cafe Zinho combines the precision and skills of a human barista with the efficiency and hygiene of automation, promising a new era of coffee production.

Olivia

In the vast and diverse world of coffee, coffee alternatives, and tea, Olivia has found her calling. As an author and a dedicated coffee and tea aficionado, her work for Cappuccino Oracle reflects her profound love and understanding of the intricate complexities found within these beverages. Olivia’s passion for the subject serves as both a catalyst for her creativity and a connection point with her audience.

Olivia’s appreciation for coffee, coffee alternatives, and tea blossomed at an early age. She discovered that these beverages invigorated her senses and stimulated her creative spirit. From the nuanced flavors of single-origin roasts to the captivating narratives intertwined with coffee, coffee alternatives, and tea trade and culture, Olivia found an unlimited source of inspiration in her daily cup.

Her love for these beverages and her talent for storytelling eventually converged at Cappuccino Oracle. As an author, Olivia’s mission is to illuminate the intricate tapestry that makes up the world of coffee, coffee alternatives, and tea. Her articles span a diverse range of topics, encompassing everything from the unique flavors of different brews to the sociocultural history intertwined with their cultivation and consumption.

Revisions to Cocoa Balance Sheet Reflect Supply Deficit

The International Cocoa Organization has released revised estimates for the 2021/22 and 2022/23 cocoa years, revealing a global production deficit and consecutive supply deficits. The latest data, published in the Quarterly Bulletin of Cocoa Statistics, shows an upward revision of the production estimate for the 2022/23 cocoa balance sheet by 15,000 tons to 4.953 million tons.

Decline in Cocoa Grindings Points to Slowdown in Demand

Quarterly grindings data from major regional cocoa associations indicates a slowdown in cocoa demand during the 2022/23 season. As cocoa bean grindings are an indicator of cocoa demand, the continuous decline compared to the previous year has raised concerns. The demand side has been revised down to 5.002 million tons from 5.005 million tons in the previous bulletin.

Export and Import Details for Leading Cocoa Countries

The revised estimates also provide details on the destinations of exports and origins of imports for the leading cocoa exporting countries. This information offers insight into the global cocoa market and its dynamics.

Caution Advised in Interpretation of Data

Readers should exercise caution when interpreting the data from the Quarterly Bulletin of Cocoa Statistics, as revisions may occur in subsequent bulletins and reports from the International Cocoa Organization Secretariat.

About the International Cocoa Organization

The International Cocoa Organization (ICCO) is an inter-governmental organization established in 1973 under the auspices of the United Nations. Based in Abidjan, Côte d’Ivoire, the ICCO comprises 52 member countries, including 23 cocoa exporting countries and 29 cocoa importing countries. The organization aims to promote the economic, social, and environmental sustainability of the cocoa value chain and improve the living conditions of cocoa farmers. It serves as a center for knowledge and innovation in the cocoa economy, facilitates dialogue among member countries and stakeholders, and provides technical assistance.

Olivia

In the vast and diverse world of coffee, coffee alternatives, and tea, Olivia has found her calling. As an author and a dedicated coffee and tea aficionado, her work for Cappuccino Oracle reflects her profound love and understanding of the intricate complexities found within these beverages. Olivia’s passion for the subject serves as both a catalyst for her creativity and a connection point with her audience.

Olivia’s appreciation for coffee, coffee alternatives, and tea blossomed at an early age. She discovered that these beverages invigorated her senses and stimulated her creative spirit. From the nuanced flavors of single-origin roasts to the captivating narratives intertwined with coffee, coffee alternatives, and tea trade and culture, Olivia found an unlimited source of inspiration in her daily cup.

Her love for these beverages and her talent for storytelling eventually converged at Cappuccino Oracle. As an author, Olivia’s mission is to illuminate the intricate tapestry that makes up the world of coffee, coffee alternatives, and tea. Her articles span a diverse range of topics, encompassing everything from the unique flavors of different brews to the sociocultural history intertwined with their cultivation and consumption.