Business intelligence for the HORECA, OCS & Vending markets
Starbucks, through its One Tree for Every Bag Commitment has raised funds to plant at least 22 million rust-resistant coffee trees beating its planned objective of 20 million trees by the end of 2016. Launched in September 2015, the aim is out to help assure the supply of coffee for a long term period and also the economic future of
According to a news reports by VietnamNet, during the launching of activities to celebrate the Vietnam Coffee Day on December 10, 2016, the Vietnam Coffee and Cocoa Association, VCCA Chairman, Luong Van Ti said the industry is improving its competitiveness by restructuring itself. To meet the target of $5-6 billion for coffee exports by 2030, the industry is planning to
Production Increase According to statistics from the Colombian Coffee Growers Federation, FNC, Colombia has produced 14 million 60kg bags in the last 12 months, reports Global Coffee Report. This compared to the previous year’s 13.6 million bags during the same period shows a 3% increase. Production from January-October had reached 11.3 million 60kg bags compared to 11.4 million bags within
A farmers’ group in Uganda has called on the government to pass a law to protect the country’s coffee quality (Bloomberg). If such a law is passed, it will provide for crop management methods and those who mismanage their output and produce low quality will be punished, Gerald Ssendaula, the chairman of National Union of Coffee Agribusiness & Farm Enterprises
This year’s CoLab edition will be taking place in Barcelona after a successful third edition in Antwerp. CoLab brings together coffee communities in Europe with aims to put forward a platform where they can connect with the entire international community. This year’s event will take place in Barcelona, Spain from Monday, 28 November to Wednesday, 30 November 2016. The Spanish
Ugandan Coffee Farmers Alliance, UCFA, has been using a smartphone app to monitor and manage coffee delivery. The app created in 2013 by software manufacturer SAP was part of the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH develoPPP.de program, which they implemented on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ). The software is streamlined to
A study by the International Coffee Organisation shows that coffee farmers in a selected number of countries are operating at a loss. This to them means growing coffee is becoming more and more non-profitable for farmers.
According to the study, March 2015 saw the ICO composite price consistently going down below a 10-year average of $137.24 / lb. This has raised concerns about the economic situation of coffee production and the livelihood of growers in the countries involved.[Sign in to continue]
Forecasts show heavy rains in Vietnam will continue to hit it’s biggest growing region in the days ahead, reports Reuters. The heavy rains will further disrupt the 2019/2017 crop harvest, said a report by the government. Vietnam is the world’s highest producer of robusta. Worries about supply has increased as this years harvests have been hampered by rains and the
Raw coffee at it’s highest in Vietnam
The Ministry of Agriculture & Rural Development’s Agro, Forestry & Fishery Processing & Salt Industry has revealed raw coffee prices in the Central Highland provinces of Vietnam has gone up to it’s highest level in 3 years, reports Talk Vietnam. FOB price for Robusta coffee at the Sai Gon Port saw a rise by $88 per to $2,043. Vietnam exported 121,000 tonnes of coffee in the first 10 months of this year. This brought about earnings of up to $246 million with Germany and the US being the two largest export markets holding 15.2% and 13.2% respectively in the first nine months.[Sign in to continue]
Cofix Group Ltd has expanded its coffee chain in Moscow, Bloomberg reports. The Israel low-cost coffee chain has a reduced price on its cappuccino brand compared to Starbucks Corp’s price in order to lure in Russian coffee consumers. Created in 2013, the Tel Aviv-based company has 152 shops in Israel. Russia is its first expansion market out of Israel and