Market analyses and reports on the coffee and coffee machine markets
In one of his interviews, Philz Coffee CEO Jacob Jaber said that the company is planning a systematic expansion outside of San Francisco Bay area, as reported by Forbes.com. The company is working with a private equity firm TPG and has raised $45 million so far. The CEO refused to disclose any valuation made for his San Francisco-based family business.
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
Some very old coffee beans that have been stockpiled, when the market plunged in 2013, are coming out now. The old stored beans reportedly belong to Arabica variety. Since Arabica is valued higher than the Robusta coffee beans due to its quality, the drop in prices since the stock is so old stored, have attracted large number of buyers who
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
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
Olam International Limited has taken over the UK East African-focused coffee company Schluter S.A for an approximate $7.5 million, reports Daily Coffee News. While announcing the takeover, Olam International Limited, which is the parent company of Olam Coffee notes that it has a new European specialty arm by acquiring Schluter. In the same announcement, they noted that Schluter has been
Bloomberg Philanthropies announced a $10 million grant to the Relationship Coffee Institute. This announcement came at its US-Africa Business Forum that took place on September 21, 2016. According to the report by Daily Coffee News, the grant will help in the improvement of the lives of women coffee farmers in the DR Congo and Rwanda. This will be done through
Dunkin’ Donuts has decided to add a new cold brew on its menu ( boston.com, businessinsider and fortune ). The chain is partnering with Coca-Cola for its first attempt to launch a new product in ready-to-drink coffee market in the US. The official launch is expected early in 2017. Manufactured, distributed and sold by Coca-Cola, Dunkin’ Donuts’ iced coffee will be made available