Market analyses and reports on the coffee and coffee machine markets
According to The Times of India, 3,733 bags of arabica coffee was sold in a auction organized by Brazil’s crop supply agency, Conab, on April 5, 2017. The auction finished government’s coffee stocks for the first time in ten years. According to Conab, those who bought paid a 5% premium on average for at least 15-year old coffee beans that were
According to Daily Coffee News , the first ever World Coffee Science Summit will be taking place on May 30 to June 2, 2017. The summit which will take place in San Salvador, El Salvador, will focus on science related issues that affect the sustainability of the coffee sector in the long term. It will specifically relate to coffee production and growth.
The Union Centrale des Coopératives Agricole de l’Ouest, UCCAO, is planning to upgrade its coffee roasting plant. UCCAO, which is an agricultural cooperative in the Western region of Cameroon, has budgeted up to 400 million fcfa (about 650,000 USD) for this project, reports Business in Cameroon. For this to be possible, the cooperative recently signed an agreement with the government
Vietnam and India have uplifted back-to-back bans on some commodities that were placed earlier this month. The ban prevented Indian roasters from importing coffee beans from Vietnam. The ban by India was placed on March 7 and prevented coffee roasters from getting the raw material to meet up with local demand. In a statement on Friday, March 17, the Vietnamese
Climate change has been a great threat to coffee production in the world recently. So Nicaragua is changing its coffee production , it is investing in a disease-resistant variety of coffee to protect its export, reports Manila Bulletin. Coffee is one of Nicaragua’s key export crop. The disease resistant robusta coffee, from the Coffea canephora plant, has been authorized by the
In a press release on March 2, 2017, Swedish company, Electrolux acquires Grindmaster-Cecilware, a US-based equipment manufacturer which also manufactures coffee machines, according to Daily Coffee News According to the press release, the US-based brewing and commercial coffee grinding manufacturer was acquired for $108 million paid in cash. The acquisition will open and accelerate Electrolux’s growth and increase its access
The Farmer Brothers, a Texas-based coffee roaster, distributor and wholesaler has taken over West Coast Coffee Company, reports Daily Coffee News. They acquired it for $13.5 million including a possible $1 million that depends on the company’s future performance. According to the news report, West Coast Coffee will be a subsidiary of Farmer Brothers carrying out its direct store delivery
Ethiopia hosted the 15th African Fine Coffee Conference and Exhibition that took place at the Millennium Hall in Addis Abeba from 15 to 17 February, 2017. . The AFCA is the largest coffee conference and exhibition in Africa. It brings together both international and regional coffee roasters, professionals, traders, producers, coffee lovers, coffee expert speakers and companies that come to showcase
The increase in prices of coffee to nearly one third brought about a rise in the value of Kenyan coffee to up to 69% in the first three months before December 2016. This increase in earnings was explained by an upsurge in direct export sales and an improved productivity. Earnings between October and December saw an increase from Sh2.6 billion compared
Java House, one of the biggest coffee shops in East Africa has opened its first shop in Kigali, reports All Africa. The coffee shop which started in Kenya has expanded to Uganda, and now Rwanda, has a total of 56 branches in these countries with 2000 employees . According to the Group’s CEO, Ken Kuguru, they are excited to have extended