Punters can now take cue from the global markets in real time while trading coffee on Indian exchanges. The Forward Markets Commission has permitted exchanges to extend the trading time for coffee up to 11.30 pm from Monday to Friday. Coffee is the first farm commodity to get this privilege. Till now, late night trading was only permitted by the government in metals, bullion and energy.
ET had earlier reported that the FMC was considering a move to extend trading time for farm crops.
This is a new category where I’ll list some interesting stories about coffee for you on an irregular basis (great coffee stories come in either flood or famine modes):
Beyond the Coffee Market - Susan Chandler at the Chicago Tribune examines Starbucks moves to provide more than coffee to its market share. I have to wonder if Starbucks will become the middle-class Walmart as they begin to provide music, books, and hmmm…clothing?
Coffee Travels in Mexico - “In the mountains, they boiled water on a wood-stove and threw the coffee in,” Mike Mallow said. “It was like cowboy coffee.” Dan Schneider’s story about coffee roaster Mike Mallow’s recent trip to Mexico to learn about how coffee beans are grown and brought to market.
Campaign Will Release Short Film on Starbucks Barista Delegation to Ethiopian Coffee Farms and “2006 Starbucks Corporate Irresponsibility Report”
WHO: Starbucks baristas, Ethiopian coffee farmer advocates, labor unionists, and community supporters with signs and banners.
WHAT: A press conference previewing the IWW Starbucks Workers Union and Justice from Bean to Cup! protest the next day at the Starbucks Shareholders Meeting. Current and former Starbucks employees and coffee farmer advocates will tell the true story behind the Starbucks brand; a vastly different picture than the company’s socially responsible image it will showcase at the Annual Meeting.
The “Evil Jungle Prince” galloped off to Hawaii and returned with “so many pictures” that he barely knew where to begin posting.
However, this blog entry holds some amazing shots and information about coffee farms located on the Kona Coast on the Big Island. Be sure to read the comments as well…
