Market analyses and reports on the coffee and coffee machine markets
On December 1, 2016, Starbucks announced its new CEO, Kevin Johnson, who was before his appointment its chief operating officer. The new CEO who has also been on the Starbucks Board of Directors for 7 years, will take his responsibilities as president and chief executive officer on April 3, 2017. Howard Shultz, who is the present CEO will see his
Coffee farmers and traders in Uganda are happy as coffee prices have gone up this season as compared to same period last year (reports All Africa). Ugandan Coffee Farmers Smile The price of fresh coffee cherries has gone up to Shs1,200 per kilo compared to Shs800 last year, meanwhile a kilo of dried robusta coffee is Shs2,400 compared to Shs2,000
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
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
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
The International Coffee and Tea Festival will be held in Dubai, UAE starting 2nd Nov, 2016 and will come to an end on 4th November. This exhibition is the only of its kind in meeting international standards in the region. With the booming Middle Eastern coffee market, this event has proved to be very significant to the coffee industry, enabling investors and
Cameroon’s Cocoa and Coffee Inter-Professional Council’s New Generation Program creates 234 hectares of coffee farms since it was launched in 2012, reports Business in Cameroon. The program is aimed at reviving the cocoa and coffee plantations as well as encourage youths in the production of the cash crops by lowering the age of producers. According to the report, the newly
The Costa Rican National Coffee Congress has upheld a ban on the farming of robusta coffee, two participants at an extraordinary session of its congress said. The NCC is made up of industry and government representatives. They set the Costa Rican national coffee policies. A decree was passed in 1988 to outlaw the production of robusta coffee in order to