Straits Times Index
3,119.95+0.33(+0.01%)Nikkei
29,066.18+190.95(+0.66%)Hang Seng
29,298.45+415.99(+1.44%)
Coffee Sep 21 (KC=F)
| Pre. Settlement | N/A |
| Settlement date | 2021-09-20 |
| Open | 153.70 |
| Bid | 154.45 |
| Last price | 153.40 |
| Day's range | 152.00 - 154.75 |
| Volume | 0 |
| Ask | 154.50 |
- Reuters
Nespresso not raising coffee prices yet, sees slow demand from offices
Nespresso, the premium coffee division controlled by Nestle SA, has not increased prices for its capsules yet despite a sharp increase in benchmark prices for arabica beans, opting to wait and see if the upward trend is sustainable over time. Alfonso Gonzales Loeschen, the Chief Executive of Nespresso North America, said in an interview on Wednesday the company has so far absorbed price increases instead of passing on the higher costs to consumers, until there is more clarity about the market direction. "It will all depend on how long these higher prices will be maintained," Loeschen said.
- Reuters
Commodities hedge funds back in vogue after years of outflows
Hedge funds focused on commodities have generated strong returns in 2021 and investors long wary of such funds are now putting money into them, betting the recovery from the pandemic will charge demand for oil, gas and raw materials from metals to grains to sugar and coffee. While money has flooded into other commodity investments, hedge funds are a more surprising choice after years of outflows and closures of several high-profile firms. Among the funds notching big gains this year are those run by famed oil investor Pierre Andurand.
- Yahoo Finance Video
Coffee industry ‘experiencing lower volatility’
Trade CEO, Mike Lackman, joins Yahoo Finance to discuss Trade’s accessibility to all types of consumers and the increased growth the company witnessed during the pandemic and how they have been able to maintain a steady growth.
