July Market News & Arrivals
What's Happening in the Market:
June began with trading of the July (KCN23) position at 179. The price of coffee steadily declined as the position approached the First Notice Day (FND) of June 22. Trading proceeded in the September (KCU23) position with a continued decline down to lows near the 158 mark by June 30. During July, the market hovered in the region between 155-162. Coffee prices have fallen to a 5 ½ month low.
Bearish to the market is the steady pace of the Brazil 23/24 crop. The 2023/2024 harvest year is the low-yield biennium year for Brazil. Despite being the low year, typically bullish for coffee supply and supportive of coffee prices, the forecasted harvest for 2023/2024 is still significantly large. The market is watching the end of July for any cold snaps or weather irregularities, which could negatively impact the remainder of the harvest. A fresh crop of high-quality Arabica is expected to begin shipping in August, with delivery to the U.S. in September.
Colombia, the second leading producer of Arabica, saw a reduction in coffee exports for June, with a 20% year-over-year (y/y) for the month. While supply is low for Colombia, Honduras saw an increase in exports for June by 37% y/y.
FREE Shipping on all online orders! Save $300 on fees
Are you looking to try a bag of the latest Guatemalan arrivals and not commit to a whole palette? Then this is the perfect opportunity for you. Purchase as minimal as one bag off our website and receive FREE shipping throughout July (save $300 on fees!) Use code JULYSHIP at checkout. Will-call orders are always free too!
Are you in the Seattle area? Join us for a public coffee cupping!
It's time again for our favorite event, public cupping with local Seattle roasters! On Thursday, July 20th @ 10 am, we're showcasing our latest arrivals from Honduras, Guatemala, and Nicaragua. Be the first to taste these amazing fresh crop arrivals; you can even purchase them immediately. Buying or not, it's the perfect way to connect with other roasters and try amazing new coffee. RSVP to save your spot!
NEW! Fresh Crop Arrivals of Central American Coffees
We are delighted to announce the fresh crop arrival of specialty green coffee from Guatemala, Honduras, and Nicaragua. Our Central American specialty green coffee has been carefully selected from top growers in various regions, making them a truly unique and delicious experience. We are confident that our customers will enjoy the flavor profiles of each of these beans, which have been carefully selected and processed to perfection.
Meet Mark Inman, Director of Specialty Coffee
We're excited to welcome our new Director of Specialty Coffee, Mark Inman! Mark has been a leading voice in the specialty coffee industry for over 20 years, focusing on sustainable agriculture, environmental stewardship, green entrepreneurship, and social justice issues. He strives to improve environmental and social conditions in the coffee industry, as well as voicing his support for the small farmer movement.
Coffee Fest Anaheim 2023!
Mercon Specialty Sales Executive Emily Smith will be attending Coffee Fest Anaheim this August! Although we won't be hosting a booth, she would love to connect with roasters about how we can help with your specialty green coffee needs!
If you have any questions, comments, or suggestions, don't hesitate to get in touch with our team at support@merconspecialty.com. In the meantime, explore our coffees and happy green coffee shopping!