Market analyses and reports on the coffee and coffee machine markets
Late this April Starbucks has announced; their Roastery is coming to Chicago as reported by Fortune.com. Inside US, the first and only operational Starbucks roastery is located in Seattle. The second one which is anticipated to become operational by 2018 is located in New York. Chicago roastery would be the third in US, while a few more are under progress
The South Korean based coffee chain Caffe Bene has lost two locations in the US so far in the running year. The first location is Caffe Bene Springfield, Missouri which was transformed into another coffeehouse in late January, according to news-leader.com. The second location is Caffe Bene Long Island which was reported closed in the middle of February, running year, by
At their annual shareholder’s meeting in March 2017 the (then) CEO Howards Schultz made an announcement that Starbucks looks forward to hiring more veterans saying the company will hire 25,000 veterans by the year 2025 as reported by Fortune.com. Earlier this year Starbucks made a vow to hire 10,000 refugees globally in the coming five years. The pledge also attracted anger
According to Kommersant information, Starbucks Corporation has an intention to enter the Georgian market. The company is planning to sign a long-term agreement with the country’s government, to construct a coffee factory, and to open a coffee chain in Tbilisi. A representative of the City Hall told the journalist about preliminary agreements. He pointed out that no contracts had been
According to Cameroon Tribune, the fifth edition of Cameroon’s National Cocoa and Coffee Board, NCCB, Festicoffee took place at the Yaounde Multipurpose Sports Complex with about 200 participants from different sectors of the industry in Cameroon. This year’s activities was based on the promotion of instant coffee as well as a show case of other coffee-based products. The event that
According to Business in Cameroon, the government of Cameroon will offer about 2.5 million coffee seedlings to coffee farmers in the country. This initiative by the government was revealed by the Minister of Agriculture, Henri Eyébé Ayissi, when he was officially launching the 2017 cocoa and coffee season in Buea, the capital of the South West Region. According to the
Things are about to change for good-especially for the coffee farmers who already grow high quality Arabica Colombian coffee beans amidst of all the challenges in Colombia – says Bloomberg.com. Colombia, already the world’s third-largest coffee grower, has been facing unrest within the country for the last 52 years. United States is among the largest buyer of Colombian coffee beans.
According to Daily Coffee News, Cooperative Coffes which imports green coffee is launching a diverse initiative program that will help all the producers linked to its network to grow progressively. The goal is to measure the amount of carbon dioxide emitted during agricultural practices that affect the environment and other projects in coffee producing areas then support the organisation financially through
Robusta prices are rising worldwide foreseeing its decreased yield in major Robusta growing areas like Vietnam and Brazil and so in Vietnam Robusta prices reached their highest in five years in the month of March (2017)– reports economiccalendar.com. On one hand, the changing climatic conditions are forcing coffee farmers to fold their coffee growing business causing prolonged dry conditions, like
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