HOUSTON: Global coffee traders and roasters say they have slashed their purchases to minimal levels, as the industry reels from a steep surge in prices that suppliers have yet to convince retail stores to accept.
At the US National Coffee Association annual convention in Houston this week, attendees said they have been in shock at a 70 percent increase since November for Arabica coffee futures on the ICE exchange, the benchmark for coffee deals around the world.
Renan Chueiri, director general at ELCAFE C.A. in Ecuador, said this year is the first time the instant coffee maker hasn’t sold all of its expected annual production by March.
“We would usually be sold out by now, but so far we sold less than 30 percent of production,” he said. “The big price increase eats clients’ cash flow, they don’t have all the money to buy what they need.”
The coffee price hikes have stemmed from lower production in important coffee growing regions, particularly in top grower Brazil, reducing the availability of beans.
“Nobody wants to be exposed, nobody is buying for future delivery, it is all hand to mouth,” said one coffee broker, asking not to be identified due to the sensitivity of the issue.
By “hand to mouth,” he was referring to the practice of buying only what is necessary for the moment and eschewing stockpiling.
Many recent deals in Brazil, he said, have been conducted in a very conservative manner.
“You close a deal, and then you have seven days to go to the farm or warehouse and get your coffee. You check the quality, and if it is ok, you make the payment on the site and drive away with the coffee.”
A recent Reuters poll predicted that Arabica coffee prices could fall 30 percent by the end of the year, as high prices curb demand and early signs point to a bumper Brazilian crop next year.
But until prices drop significantly, much of the coffee industry could be in for a world of pain.
A chief executive of a major roaster in the United States — the world’s largest market for coffee consumption, said some of his clients are not sure they can continue to be in business.
“They don’t know if they will be able to sell their product at the new prices,” he said, also asking not to be identified. “Some people are going down.”
The CEO said supermarkets and grocery stores had been pushing back against the higher prices asked by roasters. Negotiations were taking a long time and some retail outlets were starting to be short of coffee on the shelves.
“It has been a nightmare,” he added.
Coffee warehouses close to ports in the US, which receive beans coming from Central and South America, currently have half their normal volumes, said an executive for one of the largest companies in the storage sector.
“Some storing companies are returning silos to the owners, canceling leasing contracts early,” he said.
Michael Von Luehrte, owner of broker MVLcoffee, said the coffee market, particularly on the trading side, could see consolidation.
Companies with more capital will be able to increase trading volumes, while others will suffer with reduced financing, he added.
Commodities trader Louis Dreyfus said in a presentation during the conference that the coffee planted area has been expanding in reaction to the higher prices.
Expansion has happened in countries such as India, Uganda, Ethiopia and Brazil. The company believes that if Brazil manages to have one big crop, then that in combination with the new planted areas could lead to a collapse in prices.
Global coffee trade grinding to a halt, hit hard by brutal prices hikes
https://arab.news/vvk8q
Global coffee trade grinding to a halt, hit hard by brutal prices hikes
- Arabica coffee futures have surged 70 percent since November
- Traders and roasters making minimal purchases
Samsung launches slimmest smartphone as races against rival Apple
- The S25 Edge has Samsung’s latest built-in AI functions
- Analysts said the launch was strategically timed to pre-empt Apple, which is expected to launch a thinner iPhone in the second half of this year
SEOUL: Samsung Electronics made public on Tuesday its slimmest flagship model to date, complete with enhanced artificial intelligence features, as it seeks to get ahead of rival Apple on the premium market.
The S25 Edge launch is designed to appeal to increasing demand, especially from consumers in their 20s and 30s, for more portable smartphones.
“The feedback was clear – users wanted something slimmer and easier to carry without sacrificing performance,” said Samsung, which made structural changes to reduce the thickness of internal components, including the printed circuit board and thermal systems.
Analysts said the launch was strategically timed to pre-empt Apple, which is expected to launch a thinner iPhone in the second half of this year.
“By releasing the product a few months ahead, Samsung could inflict some impact on Apple and attract consumers looking for thinner smartphones. It appears to be a calculated decision to capture that segment of demand,” Ryu Young-ho, a senior analyst at NH Investment & Securities, said.
The S25 Edge will go on sale in South Korea on May 23 and in the United States on May 30, Samsung said, adding it will roll it out to about 30 countries, including China and in Europe.
Starting at $1,099, the model has a 6.7-inch screen and a 5.8 millimeter-thick body, making it larger than the basic S25 model but only fractionally heavier.
The S25 Edge has Samsung’s latest built-in AI functions, including multimodal AI that allows users to interact with the device in real time through vision and voice, using the camera to ask questions.
Samsung did not disclose the production site for the new model.
It became the world’s leading smartphone vendor in the first quarter of 2025, capturing 20 percent of the global market and narrowly surpassing Apple, which held an 19 percent share, data from Counterpoint Research showed.
Samsung last month, however, said second-quarter shipments could be affected if tariff risks weaken demand.
Sean ‘Diddy’ Combs was ‘coercive and criminal,’ jury hears
NEW YORK: Sean “Diddy” Combs used violence and threats of reputational ruin to control women he abused for years, New York jurors heard Monday during opening statements of the federal sex trafficking trial that was followed by the case’s intitial graphic testimonies.
The panel of 12 jurors and six alternates responsible for determining Combs’s fate heard of the famed artist’s explosive outbursts and an attempt to preserve his own reputation and power of celebrity through bribery.
But the 55-year-old music mogul’s defense team insisted that while some of his behavior was questionable — and at times constituted domestic abuse — it did not amount to evidence of the racketeering and sex trafficking he’s charged with.
Combs has pleaded not guilty on all counts, including the racketeering charge that the hip-hop pioneer led a sex crime ring that included drug-fueled sex parties by use of force, threats and violence.
Prosecutor Emily Johnson alleged Combs “brutally” beat his former girlfriend, singer Casandra “Cassie” Ventura, threatening to release videos of her participating in elaborate sexual “freak-offs” if she defied him.
Ventura’s testimony is core to the case, and she is expected to take the witness stand as soon as Tuesday.
Johnson also told jurors Combs had set a man’s car ablaze and dangled a woman from a balcony, and made impossible demands of his lovers and employees alike.
“Let me be clear,” US attorney Johnson said, “this case is not about a celebrity’s private sexual preferences.”
“It’s coercive and criminal.”
But Combs’s defense lawyer Teny Geragos told jurors the “case is about love, jealousy and infidelity and money.”
Combs, appearing aged with his once jet-black hair now gray, dramatically stood up and looked at the jury box when Geragos introduced him, his hands clasped.
Geragos called Combs’s accusers “capable, strong adult women,” and said his situation with Ventura was a “toxic relationship” but “between two people who loved each other.”
“Being a willing participant in your own sex life is not sex trafficking,” she said, adding that the defense would admit there was domestic violence — but that Combs is not charged with such crimes.
Combs was joined at the courthouse by his children, including 18-year-old twin daughters, as well as his mother Janice.
The case’s first witness was Israel Florez, a Los Angeles police officer who “at the time” was a security officer — and who responded to a call of “a woman in distress” on March 5, 2016 at the Los Angeles-area InterContinental Hotel.
Florez’s testimony provided the foundation for the prosecution to introduce evidence of now-infamous security footage — published by CNN last year — of Combs in a towel chasing Ventura throughout the hotel hallways, at times striking her.
The jury was repeatedly shown the video on Monday, including a cell phone-recorded version that Florez filmed himself of the original footage.
Florez detailed his interaction with Combs and Ventura in painstaking detail, including saying that after the officer escorted the rapper back to his room, Combs offered him a wad of cash.
The officer understood this was intended as a bribe: “He was telling me, ‘Don’t tell nobody,’” Florez said.
Florez’s testimony was followed by a male dancer who engaged in a sexual relationship, often in exchange for money, with Combs and Ventura from 2012 to approximately the end of 2013.
In lurid detail, Daniel Phillip described his encounters with the pair, which generally involved sex with Ventura while Combs watched.
But eventually, Phillip said, Combs physically abused Ventura in front of him.
“Why is she doing this, why is she staying with this guy?” Phillip recalled thinking.
“I tried to explain to her that she was in real danger if she stayed with him.”
Day one of testimony in the blockbuster trial saw hoards of journalists, influencers and members of the public descend on the downtown Manhattan courthouse.
If convicted, the one-time rap producer and global superstar, who is often credited for his role in bringing hip-hop into the mainstream, could spend the rest of his life in prison.
The selected jurors will remain anonymous, but not sequestered — meaning they must individually ensure they stay away from media coverage and social media commentary about the high-profile case.
The proceedings are expected to last eight to 10 weeks.
Hollywood studios and unions call on Trump to offer tax breaks
- The letter thanks Trump “for the support you have shown our industry,” and for drawing attention to production fleeing overseas
LOS ANGELES: Hollywood studios and unions representing movie workers joined forces Monday to urge US President Donald Trump to give tax breaks to US-made films.
The joint letter, which was also signed by Jon Voight and Sylvester Stallone — two of Trump’s “ambassadors” to Hollywood — comes days after the Republican president said he wanted to impose 100 percent tariffs on foreign films in a bid to help the domestic industry.
The letter thanks Trump “for the support you have shown our industry,” and for drawing attention to production fleeing overseas.
But it makes no mention of Trump’s tariff plan, a proposal that was met with bafflement across the industry, with observers saying they had no idea how such a tax might work.
“Currently, more than 80 countries offer production tax incentives and as a result, numerous productions that could have been shot in America have instead located elsewhere,” says the letter.
“Returning more production to the United States will require a national approach and broad-based policy solutions, including... longer term initiatives such as implementing a federal film and television tax incentive.”
The idea of a federal tax credit scheme was also suggested last week by California Governor Gavin Newsom.
The letter, from the Motion Picture Association — an umbrella grouping for major studios and streamers — and unions representing directors, actors and writers, suggests a number of tax deductions that would make movie-making cheaper.
“A domestic production incentive would make the US market more competitive and able to retain and return high-paying jobs tied to film and television productions — and the use of this deduction has historically promoted significant economic and job growth,” it says.
America’s movie industry has gradually moved away from its traditional home in and around Hollywood as production has shifted to cheaper locations.
The number of shooting days in Los Angeles reached an all-time low last year — lower even than during the Covid-19 pandemic, when filming shut down completely.
Fewer than one in five film or TV series broadcast in the United States was produced in California, according to FilmLA, an organization that tracks the movie industry.
The loss of that production has a significant economic impact.
According to the letter to Trump, each day a film shoots on location it spends more than $670,000, and employs nearly 1,500 people.
On May 4, Trump declared on social media that “the Movie Industry in America is DYING a very fast death.”
He said he had told the Department of Commerce and the Office of the US Trade Representative to levy a 100 percent tariff “on any and all Movies coming into our Country that are produced in Foreign Lands.”
Dubai nurse fought cancer while leading hospital teams
- Sarah Ilyas was diagnosed with the disease following her son’s 14th birthday
DUBAI: Even after being diagnosed with breast cancer, nurse and mother Sarah Ilyas did not stop helping others.
Originally from Pakistan and currently a chief nursing officer at Aster Hospitals and clinics in the UAE, Bahrain and Oman she worked her way up the ranks from being an intensive care nurse to nursing supervisor at the Dubai Health Authority.
However, just as her career was really taking off, and during her son’s 14th birthday party in November 2021, Ilyas felt something was wrong.
“I felt this shrill pain in my left breast, then I felt the lump, but since I was so exhausted, tired and burnt out, I just went to sleep,” she recalled.
The next day, Ilyas had the lump examined. A biopsy was carried out at the same hospital in which she worked, and she carried on as normal until she received her results.
It was bad news. The lump was malignant — a stage three metastatic carcinoma.
“It is one of the most difficult cancers and notorious tumors to get over, it’s not simple breast cancer,” she explained.
After working on developing an oncology department at the hospital, Ilyas never expected she would one day be a patient benefiting from her own hard work.
By December, she had started “scary” chemotherapy, and was grateful for a strong support system that meant she could carry on working and being around her family.
“My bosses took care of me so well throughout my treatment plan. I was given so much flexibility, and I could work from home if I could not get myself out of bed,” she said.
Today, Ilyas has a new outlook on life after working throughout her treatment and beating her illness. She also urges others battling cancer to share their own stories to inspire and help others.
“I didn’t even know my daughter’s favorite color or what my son likes to eat. I regret not giving my time to them,” she said.
“Let us not shy away from telling our story, words of encouragement can inspire and give hope to others.”
Swedish club not skirting around shorts issue as they back Irish camogie players
- The Irish sport hit the headlines this week for all the wrong reasons with players
- Camogie is the female version of hurling, a ball sport played with wooden sticks
STOCKHOLM: Camogie players in Sweden have turned the clock back by wearing a kit from a bygone age in a show of solidarity with colleagues in Ireland currently protesting for the right to wear shorts.
The Irish sport hit the headlines this week for all the wrong reasons with players, tired of a rule outlawing the wearing of shorts, ramping up protests, ultimately leading to the late postponement of Saturday’s Munster final.
Camogie is the female version of hurling, a ball sport played with wooden sticks, often likened to a mix between lacrosse and hockey, with a little rugby thrown in because of its physicality.
Wherever you go in the world, from Uganda to Vietnam, you are likely to find people playing Ireland’s national sports. Sweden is no different, and Irishwoman Michelle Cotter set up the hurling and camogie teams at Stockholm Gaels.
“The goal was to do something over here to show the players back home that their impact is reaching much further than the island of Ireland,” Cotter told Reuters.
The Camogie Association of Ireland’s rules state that playing gear must include skirt, skort or divided skirt, but a recent survey showed that 83 percent of players want the choice to include shorts.
The Stockholm club, which includes not only Irish players and local Swedes but women from Australia, Austria, the US, Britain, France and Spain, took things back to even before the days of skorts, when players wore skirts down to their ankles.
The first set of camogie rules, drawn up in 1903, stated skirts should be worn no more than six inches from the ground and, while things have improved, two motions to introduce shorts were defeated at last year’s Camogie Association congress.
“Given none of us even own skorts, we togged out for training in skirts and dresses,” Cotter, who also coaches and plays on the team, said. “It felt every bit as ridiculous as it looked.”
There is still hope for change following all the media attention and controversy of the past week, after the association agreed to hold a special congress on May 22 to vote again on a motion to allow the wearing of shorts.
