The ICO Composite Indicator Price (I-CIP) gained 4.5% from May to June 2022, averaging 202.46 US cents/lb for the latter. Estimated total production in coffee year 2021-22 remains unchanged at 167.2 million bags, while world coffee consumption is still projected to grow by 3.3% to 170.3 million 60-kg bags in 2021-22.
The new merchandise is made by women working with All Across Africa, an organization helping artisans in rural Africa bring their products to the global marketplace.
Corporate social responsibility (CSR) has long been something brands/companies aspired to, but it was rarely inherent in their mission statements or business practices. Those days are gone as today’s consumers are demanding that companies ‘walk the walk’ and no longer ‘talk the talk’ when it comes to CRS.
Coffee professionals converged in Milan, Italy, 23-25 June for the first World of Coffee since 2019.
Africa is home to thirteen tea-producing countries and their tea production is an essential part of the global tea economy, and in fact, represents the biggest share of the world’s tea exports.
The ICO reveals landmark 2022 International Coffee Agreement, formally welcoming the global private sector to key discussions on the future of coffee London.
Boba tea first appeared in the US more than a decade ago, however, it seemed to be more of a niche product that was trendy ‘on the coasts’ and would ‘come and go’ in popularity.
Peet’s Coffee announced that it has achieved 100% responsibly sourced coffee across 24 regions, per Enveritas standards.
The UKTA and Fortnum & Mason launch The Leafies, International Tea Academy Awards that celebrate the world’s finest loose-leaf teas.
ESTA announces a new scoring system to help bring East African specialty teas to market.
After centuries of black tea as the exclusive cup in Europe, a skillful marketing of green teas started in the 1990s, based on a health benefits strategy initiated by multinational tea majors in the mainstream market, together with a novelty origin approach launched by China in the premium segment.
Best of Yemen 2022 announced to celebrate coffee’s role as a catalyst for peace and prosperity.