Latest news with #MumbiGitau
Bloomberg
11-07-2025
- Business
- Bloomberg
Can West Africa Capitalize On The Growing Demand For Coffee
Demand for coffee is growing globally - but despite much of it being grown on the continent, very little is roasted locally to be sold and drunk there. West African Entrepreneur Hadi Beydoun wants to change that. In this week's special episode of the Next Africa Podcast, Jennifer Zabasajja heads to Abijan in the Ivory Coast to meet Hadi, the founder of Cafe Continent, to find out how he's planning to bring homegrown, home-roasted coffee to the African market. Then Bloomberg's Soft Commodities reporter Mumbi Gitau gives her analysis of the state of the global coffee market and Africa's place in it.
Yahoo
25-03-2025
- Business
- Yahoo
India Set to Maintain Sugar Export Quota on Ample Supplies
(Bloomberg) -- India plans to maintain its one-million-ton sugar export quota for the current season, according to a person familiar with the matter, easing worries about possible supply restrictions that boosted global prices last week. They Built a Secret Apartment in a Mall. Now the Mall Is Dying. Why Did the Government Declare War on My Adorable Tiny Truck? Chicago Transit Faces 'Doomsday Scenario,' Regional Agency Says LA Faces $1 Billion Budget Hole, Warns of Thousands of Layoffs Trump Slashed International Aid. Geneva Is Feeling the Impact. The country will not bar outbound shipments as the world's second-biggest producer will have enough stockpiles at the end of this season on Sept. 30, even after a drop in production, said the person, who asked not to be identified as the information is confidential. The country's supplies are adequate to meet domestic demand for more than two months before crushing for next year's crop begins, the person added. Some news reports last week had suggested that the country was mulling restricting overseas sales because of lower production estimates, pushing prices higher. White sugar futures fluctuated in a tight range in London on Tuesday after falling in the last two sessions. India's local consumption will be lower this year compared with the last season, when national elections boosted demand for beverages and sweets, said the person, adding that planting for the 2025-26 crop was progressing well in Maharashtra and Karnataka. In January, the South Asian nation permitted mills to export as much as one million tons this season, easing restrictions that had curbed shipments for more than a year. The country has shipped much larger volumes in the past. A spokesperson for India's food and commerce ministries did not respond to a request for comment. The factory-gate selling price of sugar for millers in top-growing regions Uttar Pradesh and Maharashtra have been falling since the beginning of March, indicating supplies at home are more than enough to meet demand, according to the Indian Sugar & Bio-energy Manufacturers Association. The market is also keeping an eye on top grower Brazil amid concerns that dry weather could delay the start of the cane crushing next month and hurt output, keeping supplies strained in the near term. --With assistance from Mumbi Gitau. (updated with white sugar prices and last paragraph) Google Is Searching for an Answer to ChatGPT The Richest Americans Kept the Economy Booming. What Happens When They Stop Spending? A New 'China Shock' Is Destroying Jobs Around the World How TD Became America's Most Convenient Bank for Money Launderers Tesla's Gamble on MAGA Customers Won't Work ©2025 Bloomberg L.P. Sign in to access your portfolio
