A poll by Reuters on 11 traders and analysts showed a price increase across the board with arabica and robusta both experiencing harvest related problems. Weather conditions have affected coffee producers in many countries. Fortune reports the El Niño have affected growers in Asia, especially Vietnam. In Uganda, droughts in the south and south western regions are expected to reduce production.
Category: Events & Press Release
Droughts to cut Uganda’s coffee export
Droughts in Uganda may cut down expected coffee exports, a farmers’ group has declared. There is going to be an expected 5% reduction due to droughts, the industry regulator. This is due to extensive droughts that hit the southern and south-western regions of Uganda two months ago. This has strained crop yield. Expected export will drop to 3.6 million 60-kilogram
Europe trade slows but Indonesian robusta rises
Physical robusta coffee trade in Europe has begun to decrease during the summer holiday. However, traders said that flows of Indonesian robusta coffee have strengthened after a futures rally and a late start to harvest, as announced by Business Recorder. Since cash trade slowed in Europe and a number of factories were set to shut for a few weeks during
Youngetivity Int. to expand in South Florida
A subsidiary of Youngetivity International Inc., CLR Roasters, has announced that it has signed a three year agreement with Bread Partners Inc to provide CLR Roasters to 18 AuBonPain locations, Yahoo Finance reports. A marketer for nutritional and lifestyle products, Youngetivity International Inc. also produces gourmet coffees for retail and direct sales channels. According to this agreement, AuBonPain will commercialize
ICO to celebrate the International Coffee Day
On 1 October 2016, the 77 Member States of the International Coffee Organization (ICO) and dozens of coffee associations from around the globe will come together to celebrate the second annual International Coffee Day. International Coffee Day is a global celebration of coffee’s journey from the farm to your local shop— an opportunity to honour the men and women who
Coffee and gas stations: new investments in Belarus
According to the research conducted by A-100 gas station company, the amount of consumed coffee-to-go has doubled since July 2015. Company officials suggest that this increase is connected with the complicated economic situation – people need to stay focused, so they drink more coffee. Considering the consumption growth, the company has invested about $126,000 in equipment and coffee materials since May
Nestlé launches its first Café Nespresso in London
Encouraged by the successful trial in Vienna, Nestlé launches its first Café Nespresso in the City of London. Nestle plans to open five to six more cafes in future across London, beginning with the first British coffee shop on 100 Cheapside in a development being built by Quadrant Estates as stated by The Times. The concept will go towards other UK
Starbucks invests in Princi, the Italian boutique bakery
On Wednesday 13th July, Starbucks Corporation announced a financial investment and global licensing deal with Princi, the renowned Italian boutique bakery and café. Starbucks, Milan-based Angel Lab and Pekepan Investments, will focus on expanding the number of standalone Princi locations worldwide. In 2017 the corporation will open the first store in Seattle, and then they will open in Shanghai and
St.Petersburg launches a discount app for coffee
A new application for Android and iOS smartphones has been recently launched in St.Petersburg, Russia. Cupella provides users with an access to discounts in coffee shops by subscription. The app contains geolocation, so one can see where the nearest places with discounts are located. The menu also includes purchase history, and the first cup of coffee for a new user is free.
Ukrainians opened the smallest café in Poland
Oleg Yarovyj and his wife Inna came to Poland from Ukraine in November 2015. They both had worked in advertisement, but then decided they wanted something new, moved to a new country and opened Dobro&Dobro. The total square of the place is 6 m2 and it is the smallest café in Poland. Oleg says such coffee points are very popular