Latest news with #Cooabriel
Reuters
24-07-2025
- Business
- Reuters
Brazil's biggest conilon coffee cooperative to launch cocoa pilot project in Bahia state
SAO PAULO, July 24 (Reuters) - Brazil's biggest conilon coffee cooperative, Cooabriel, is launching a cocoa pilot project in the country's Bahia state slated for September in collaboration with commodities powerhouse Cargill, it said in an interview this week. Cooabriel hopes the pilot, located in the south of Bahia, will produce around 10,000 60-kilogram bags of cocoa beans, working with farmers who are already producing conilon coffee, part of the same family as Robusta beans. The pilot project is another example of efforts in Brazil, once the world's second-biggest cocoa producer, to rebuild the country's standing in the global industry after its output was devastated by disease in the 1980s. "It's still somewhat of a timid project, but it is a promising project," Cooabriel's President Luiz Carlos Bastianello told Reuters in an interview. The majority of Cooabriel's coffee producers in Bahia are already producing cocoa and the cooperative wants to help them boost their productivity, while also possibly picking up some new farmers along the way, Bastianello said. Cargill is supporting the pilot project, which is financed by Cooabriel, as part of its aim to see major chocolate consumer Brazil become self-sufficient in cocoa production, Cargill's director of cocoa origination, Murilo da Silva Severo, said in an email. "This partnership with Cooabriel has the potential to bring Cargill an annual increase of 1,500 (metric) tons of beans," Severo said, adding the quantity could increase and Cargill has already suggested Cooabriel take the project to the neighboring state of Espirito Santo. Though similarities exist between conilon coffee farming and cocoa production, Cooabriel will have to contend with some challenges around market volatility and storing the cocoa beans, the cooperative's manager of new businesses, Alexandre Costa Ferreira, said. "If we work on this correctly, we have everything we need to gain a lot of volume, a lot of scale, and put Brazil on a different level," Ferreira said.
Business Recorder
31-05-2025
- Business
- Business Recorder
Brazil 2025 Robusta harvest in full swing, could beat estimates
SAO PAULO: Brazil's 2025 Robusta coffee crop collection, including the Conilon variety, is advancing strongly and could beat initial estimates, industry experts told Reuters this week, as the harvest weighs on prices. 'Field reports indicate strong yields, and expectations are that the crop may even exceed initial forecasts,' said Jonas Ferraresso, a coffee agronomist who advises Brazilian farmers. Public and private sources are pointing towards a record crop, Ferraresso said. Crop collection for Cooabriel - Brazil's largest Conilon coffee cooperative - in the state of Espirito Santo is in full swing, the organization's President Luiz Carlos Bastianello said in an interview, estimating that around 25% of the total harvest had been completed. According to broker StoneX, 23.4% of Brazil's expected 2025 Robusta crop had been harvested as of May 26. 'The expectation we have now is really for a larger harvest, possibly larger than the 2022 harvest, a harvest with reasonably good quality as well,' Bastianello said, adding that production in Espirito Santo is forecast at over 17 million 60-kilogram (132.3 lb) bags. In the 2022 harvest, some 16 million 60-kilogram bags were harvested, Bastianello said. Unseasonable rainfall in the region during the current harvest is not an issue and could suggest a good Conilon crop in 2026, he added.
Reuters
30-05-2025
- Business
- Reuters
Brazil 2025 Robusta harvest in full swing and could beat estimates, experts say
SAO PAULO, May 30 (Reuters) - Brazil's 2025 Robusta coffee crop collection, including the Conilon variety, is advancing strongly and could beat initial estimates, industry experts told Reuters this week, as the harvest weighs on prices. "Field reports indicate strong yields, and expectations are that the crop may even exceed initial forecasts," said Jonas Ferraresso, a coffee agronomist who advises Brazilian farmers. Public and private sources are pointing towards a record crop, Ferraresso said. Crop collection for Cooabriel - Brazil's largest Conilon coffee cooperative - in the state of Espirito Santo is in full swing, the organization's President Luiz Carlos Bastianello said in an interview, estimating that around 25% of the total harvest had been completed. According to broker StoneX, 23.4% of Brazil's expected 2025 Robusta crop had been harvested as of May 26. "The expectation we have now is really for a larger harvest, possibly larger than the 2022 harvest, a harvest with reasonably good quality as well," Bastianello said, adding that production in Espirito Santo is forecast at over 17 million 60-kilogram (132.3 lb) bags. In the 2022 harvest, some 16 million 60-kilogram bags were harvested, Bastianello said. Unseasonable rainfall in the region during the current harvest is not an issue and could suggest a good Conilon crop in 2026, he added. Prices for the commodity have declined as the new crop is collected, said Fernando Maximiliano, coffee market intelligence manager for broker StoneX in Brazil. "Robusta coffee (prices) have been falling significantly in recent weeks. This is already a sign of the arrival of this new harvest," Maximiliano said. Earlier this week, Robusta coffee futures on ICE fell to a 5-1/2 month low of $4,550 per metric ton. The potential for a record crop is causing "significant urgency" among Robusta growers to harvest and sell, Ferraresso said. "The concern now is how this increased supply might affect prices in the coming months."
