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AUSTRALIAN COFFEE TRADERS ASSOCIATION INC

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What is ACTA and what does it do?

ACTA represents the Australian coffee industry by assisting and improving the standards, promoting the image of coffee and provides a platform for networking and furthering education.

ACTA liaises with the media and regulative bodies on all aspects of the industry.

Achievements: ACTA's involvement led to the successful negotiations of the exclusion of coffee from GST; Instrumental in the reduction of duties on the importation of coffee.

We provide experienced judges (independent) for Royal Agricultural Society’s coffee awards.

We regularly communicate industry issues with media e.g: - Coffee news - Magazines - Misleading and incorrect commentary - Fair trade - Rainforest Alliance - 4C common code for the coffee community - Market movements - Green Bean pricing.

ACTA addresses industry issues with authorities e.g: - GST - Parchment (AQIS) - EPA standards - Australian Customs requirements.

 

 

ACTA MEDIA RELEASE 

4thAugust 2021


Making sense of the Perfect Storm - Brazilian Coffee Crop Frost damage and Price of Coffee in Australia

The arabica futures coffee market saw some calmness over the last few days dropping by over 11 cents after hitting the peak of 215.20 cents (US cents per pound) on Monday surging to 60% this year on news of frost in Brazil’s key coffee growing regions. No doubt the market will continue to react to further weather risks and crop survey data over the coming days. 

 

Australian coffee prices are expected to rise given the industry is struggling to deal with what can only be described as a perfect storm. Rising global coffee prices (+40%), supply chain disruption and rising shipping costs (+76%) and weaker Aussie dollar all contributing to rapid margin erosion for the industry.

 

What we saw last week on the New York Intercontinental Exchange (ICE) market for arabica futures was more ‘Buy the Rumour Sell the Fact’ scenario.  Currently, there is no shortage of coffee in the market despite coffee futures market’s near 7 year high price rally. Current stock from 2020/21 crop is sitting on an estimated surplus of 2.26m bags which will be carried over to the small crop year 2021/22.  Taking the estimated reduction of Brazil 2022/23 crop (on-cycle year), it is still around 5% of total production and around 2% of the global supply/demand.

 

Similarly, on the demand side, global demand had been rising by about 2% per year before the pandemic hit and is expected to remain close to 1% or flat. However, the supply & demand has very little impact on current price levels - No major shift in demand expected for 2022.

 

Last week’s commodity market  hysteria based on circa 2% reduction in global coffee supply is causing a short-term panic predominantly buoyed by speculative activities.


Brazil is the largest producer of highly prized arabica coffee supporting 40% of world’s coffee demand.  It is estimated that 9 out 10 coffees consumed today is likely to contain Brazilian arabica beans due to its chocolate flavour and value it brings to keep the cost of your coffee low. Over the coming weeks, agronomists are expected to conduct a thorough assessment of the coffee trees in the frost ravaged regions. If the survey finds severe damages to the tree, it is more than likely that coffee prices will remain high for some time as it will coincide with Sep/ Oct flowering season exacerbating already declining yields.

 

Contact information

For further media information email Catherine at the ACTA office:  catherine@acta.org.au

 

 

 

COVID-19 Pandemic: Links for the well being of your business.

We would like to acknowledge the significant impact COVID-19 is having on business, communities and individuals across the world. Our thoughts go out to those who have been directly impacted by this crisis.

Keeping your employees, customers and community safe by being as proactive as possible about cleanliness should be your top priority.

Please find a list from the Safe Work Australia website lists the following links: 

ComcareComcare has issued guidance for workers and employers on work health and safety and workers’ compensation in relation to the coronavirus outbreak. The information includes advice on WHS obligations, managing risks and compensation coverage.

SafeWork NSW Coronavirus

Worksafe Victoria 

QueenslandWorkCover QLD- Coronavirus (COVID-19) workplace risk management 

Northern Territory NT Worksafe - Getting your workplace ready for COVID-19 (Coronavirus)

Tasmania WorkSafe Tasmania - Novel coronavirus (COVID-19)

South Australia  SafeWork SA - Coronavirus (COVID-19) workplace information

Western Australia Coronavirus - What can be done to prepare for the possibility of a viral outbreak in the workplace

State and territory health departments and other agencies

New South Wales 

Victoria Department of Health and Human Services - Coronavirus disease (COVID-19)
Northern Territory Department of Health - Novel coronavirus (COVID-19) latest updates

Australian Capital Territory ACT Health - Latest information about novel coronavirus (COVID-19) in the ACT

Western Australia 

Queensland Queensland Health - Novel coronavirus (COVID-19)

South Australia  SA Health - Coronavirus disease 2019 (COVID-19)

World Health Organization

This is a global crisis and the more we can help each other in these very testing times - the better the future will be for all.

All the very best

ACTA

 

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