Asia

 

Coca Cola to Buy UK’s Costa Coffee for $5.1 Billion

The Coca-Cola Company has agreed to buy Costa Coffee chain for $5.1 billion (approximately £3.9 billion) including debt to extend its push into healthier drinks and take on Starbucks Coffee and Nestlé in the global coffee market.

Coffee Prices Remain Low in July

After a slight rise in May, the International Coffee Organization (ICO) reports that prices for all group indicators fell for the second consecutive month in July 2018.

ICO Reports Growing Divergence Between Arabica and Robusta Exports

In its April Coffee Market Report, the London-based International Coffee Organization (ICO) announced that global coffee exports amounted to 10.81 million bags in March 2018, compared to 10.91 million in March 2017, driven by decreased shipments of Arabica, particularly Colombian Milds.

Tea’s “Cheesy” New Topping

While not an avid tea drinker, I am a purist – I do not add any milk or sugar to my tea – nor do I like boba (bubble) teas so learning about the latest tea trend – cheese teas – caused me to cringe.