Coffee
The ICO and SCA join forces
ICO and SCA forge alliance to enhance sustainability and education in the global coffee sector.
Coffee prices remain stable averaging above 160 US cents/lb in November 2023
The International Coffee Organization Composite Indicator Price averaged 161.53 US cents/lb in November, a 6.3% increase from October 2023.
Brazil’s São Mateus Agropecuaria wins top award at the 2023 EIICA
Brazil wins ‘Best of the Best Award’ while Guatemala wins the Coffee Lovers’ Choice Award at the 8th edition of the Ernesto Illy International Coffee Award.
Peet’s Coffee brews up holiday cheer with festive beverages & special offerings
Peet’s Coffee holiday menu includes new and returning favourites along with charitable giving.
Starbucks unveils raises, additional employee benefits & a barista championship
Starbucks implements investments to further enhance its retail partner (employee) experience.
Global green coffee exports drop 5.5% for CY 2022/23
The ICO reports that NY and London certified trend down as global green coffee exports fall 5.5% to 110.81 bags in coffee year 2022/23.
Lavazza and Rifle Paper Co. unveil new limited-edition holiday blend
Lavazza’s seasonal blend in partnership with Rifle Paper Co. is now available online and in select retail locations nationwide.
Coffee co-fermentation gaining traction
To become more innovative and improve the flavour of their coffee, some savvy coffee producers are now experimenting with coffee co-fermentation, which has many benefits, but is not without challenges. By Shem Oirere
Host Milan returns to full form hyping the latest technologies and sustainable innovation
Echoing its pre-Covid exhibition numbers, exhibitors and attendees from around the world were out in full force for the 43rd Host Milan touting the latest technologies and sustainable innovation.
Blending, roasting & processing, Business, Equipment & packaging, Exhibitions, Sustainability
Arabicas drop slightly while Robustas remain firmly above 120.00 US cents/lb
The ICO reports that Arabicas drop while Robustas remain above 120.00 US cents/lb in September; world economies and rising costs of living expected to impact consumption.
Robusta prices hit near record highs in August
The International Coffee Organization reports that Arabica-Robusta price movements recouple in August — Robustas remain at near record highs.
CropConex launches new digital end-to-end coffee trading marketplace
CropConex is bringing the coffee trade ecosystem online with tools to streamline operations and reduce trade risks.
Starbucks Q3 2023 net revenues rise 12% to USD $12 billion
Starbucks’ Q3 consolidated net revenues grew 12% to USD $9.2 billion with Q3 international comparable-store sales rising 24% thanks to a 46% surge in comp-store sales in China.
RTD coffee finds success in a highly competitive beverage marketplace
Many mass market refreshment beverage categories have struggled while niche categories have experienced growth. RTD coffee is an example of a niche category that has experienced strong growth as a result of continued innovation and convenience.