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COFFEE IN THE NEWS
Providing coffee reports from around the world. We highlight
and summarise the best articles from the mainstream
press.
Summaries through 5 April 2008
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Workers,
Wi-fi and Coffee Shops: The Perfect Blend
A quarter
of workers now take advantage of wi-fi hotspots, working remotely
from a coffee shop at least one day per week to escape the interruptions
of the office.
more>>>
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Coffee
Reduces Alzheimer's Risk
Scientists
say drinking a cup of coffee a day reduces the risk of developing
memory loss in aging individuals and Alzheimer's suffers. According
to the study published in the Journal of Neuroinflammation, caffeine
cuts the risk of dementia by blocking the disruptive effects
of cholesterol on the brain. more>>> |
Coffee
Futures Gain as Dollar Falls
Coffee futures
for May delivery increased by 0.5 percent or 0.6 cent to $1.319
a pound on ICE Futures U.S. formerly the New York Board of Trade.
more>>> |
Brazil
Coffee Exports Decline 5.4 Percent in March
Coffee exports
from Brazil, the world's biggest producer, fell 5.4 percent in
March from a month earlier, Brazil's Coffee Exporters Council
said. Brazil shipped 1.72 million bags of coffee beans last month,
compared with 1.82 million bags a month earlier, the council,
known as Cecafe, said today in a preliminary report on its Web
site. One bag of coffee weighs 60 kilograms (132 pounds). more>>> |
From
McMuffins to McLattes
McDonald's chases gourmet coffee market - plans massive restaurant
upgrade. more>>> |
Trouble
Brewing in Coffee Market
Global
coffee prices have declined over the past two weeks from what
was a
10-year high but what the next three to six months holds in
coffee is anybody's guess. Global coffee prices skyrocketed over
the
first three months of this year, but then dropped by about
40 cents per pound over the past two weeks to close Thursday
at
$1.33, according to futuresource.com, a Web site that tracks
commodity prices. More>>> |
India
Coffee Prices Ease on Sluggish Global Markets
Indian
coffee prices eased at the Indian Coffee Trade Association auction
on
Thursday tracking weak global markets and sluggish export demand,
traders said on Friday.The arabica plantation grade fetched 5,250
rupees to 5,957 rupees per 50 kg bag, compared with 5,400 rupees
to 6,100 rupees in the previous auction more>>>
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Rwanda:
Coffee Farmers Form Alliance
Rwanda coffee farmers are to start a marketing alliance in a
bid to
have collective
efforts towards marketing coffee on the international
market.The alliance comes at a time when different coffee farmers'
cooperatives and exporters have been working independently and
competing against each other. More>>>
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Price
of Folgers Coffee Dropping
Procter & Gamble
said Thursday it is dropping the list prices of its Folgers ground
coffee by 6.5% because
of falling prices
for unprocessed coffee beans. It was the first price cut in 2-1/2
years .The nation's largest consumer-goods maker most recently
hiked some Folgers coffee prices on Feb. 11 and March 3. More>>> |
No
Ban on Genetically Modified Coffee
Hawaii won't
ban genetically altered coffee, a decision that worries growers
of the Kona coffee brand who want to keep it pure. Lawmakers
instead seek a study into the benefits and risks of such altered
crops State lawmakers shelved a bill recently that would have
prohibited growing genetically modified coffee in Hawaii until
2012. Instead,
they want to order a study into the science, benefits and dangers
of genetically enhanced crops. Coffee farmers are worried that
genetically modified coffee could contaminate expensive Kona blends,
which are only grown on Hawaii's Big Island and exported worldwide.
More>>> |
Increased
Coffee Intake Decreases Risk of Gout
The more coffee
that men drink, the lower their risk of developing gout, according
to one recent study. Drinking one to three cups of coffee a day
lowered gout risk by only 8 percent, but drinking four to five
cups a day dropped the risk by 40 percent. And real java junkies,
those who drank six cups a day or more, had nearly a 60 percent
lower risk of developing gout. More>>> |
Brazil Coffee Crop May
Climb to 55 Million Bags
Coffee output
in Brazil, the world's biggest producer, will top a government
forecast and may reach 55 million bags because rains
and fertilizers boosted yields, the head of Brazil's biggest commodities
brokerage said. Output from the April-October harvest will surpass
50 million bags, more than the government's Jan. 8 forecast of
41.3 million to 44.2 million bags, said Ricardo Brasil Correa,
managing director of Terra Futuros in Sao Paulo. more>>> |
World
Coffee Exports Fall by 9.4 Percent
Global
coffee exports saw a decline of 9.4 percent to 74.6 lakh
bags in January due to a sharp fall in Vietnam's export
orders, International Coffee Organisation said. The world's
second largest coffee exporter, Vietnam, saw a whooping
fall in its exports of 46.91 per cent. Its total exports
dipped to 12.18 lakh bags in January 2008 compared to 22.95
lakh bags in the year-ago period, International Coffee
Organisation (ICO) data showed. more>>>
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Hawaii
Won't Ban Genetically Altered Coffee
Hawaii
won't ban genetically altered coffee, a decision that worries
growers of the prized Kona coffee brand who want to keep
it pure. State lawmakers shelved a bill Wednesday that
would have prohibited growing genetically modified coffee
in Hawaii until 2012. Instead, they want to order a study
into the science, benefits and dangers of genetically enhanced
crops. more>>>
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Robusta
Coffee Surges 30% as Farmers Hoard Crops
Robusta
coffee headed for a fifth weekly advance in London, the
longest rally in more than eight months, on signs farmers
are hoarding crops and speculators are increasing purchases.
Cocoa rose and white sugar declined. Robusta traded in
London has surged a record 30 percent this year as reduced
sales by growers in Vietnam, the biggest producer of the
variety, drove the price for a kilogram of coffee in Daklak
province to the highest in at least two years. more>>>
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More
Anti-Oxidants in Torrefacto Coffee
Torrefacto-roasted
coffee has higher anti-oxidant properties than other coffees,
a study at the University of Navarra in Spain found. The
study showed that the addition of sugar during the roasting
process increases the development of compounds with high
anti-oxidant activity. Eleven varieties of commercial coffee
were analyzed along with the coffee consumption habits
of the inhabitants of Navarra. The study discovered that
espresso machines produce a drink with the highest anti-oxidant
capacity, more than coffee produced by the Italian, filter
and pump methods. more>>>
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Starbucks
cutting 600 jobs, many in Seattle
Starbucks said Thursday it is
cutting about 600 positions, some through attrition
and about 220 through layoffs. No in-store employees
were laid off, and the cuts are separate from
Starbucks' plan to close about 100 underperforming
U.S. stores this year. more>>>
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Indian
Co-op Coffee House Marks Golden Jubilee
If
you sip a cup of hot coffee at the Indian Coffee House,
you contribute to the cause of the working class. The
popular restaurant chain, run by workers’ cooperatives,
marks its golden jubilee this year. There are about 70
Indian Coffee Houses in Kerala that dish out idli, dosa,
vada, biryani and of course coffee among other things.
But since the chain has branches all over India, the
fare varies from region to region. more>>>
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Prepare
to Pay a Little More for Java
Coffee
prices are on the march, and the costs of the milk, sugar
and even paper cups also are climbing. But whereas other
commodities such as copper or oil have been pushed up
by demand from developing countries, coffee is a different
case. Demand has only edged up, and much of the recent
surge is because of speculators hopping into the commodity.
Oren's Daily Roast, a boutique coffee store in New York
City, has charged $2.95 for a medium latte for the past
two years. Now, owner Oren Bloostein is considering a
price increase of perhaps 3 percent for a cup of coffee
and up to 10 percent for the coffee beans it sells. ''It
is very disconcerting,'' said Bloostein. But after an
11 percent increase in ingredients since the beginning
of this year, ''I need to raise my prices so that I can
remain in business.'' more>>>
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Battle
Grounds: Competing with Starbucks
Successful
coffee shops develop a loyal customer base that prefers
the independent coffee maker’s brew over Starbucks’.
They maintain a narrow focus and don’t try to imitate
Starbucks in look or products. They benefit from a segment
of consumers who will drink anything but Starbucks. more>>>
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Uganda: Coffee Value Up By 25 Percent
Coffee
exports in the first four months of the current coffee
year jumped by 3.6% and 25% in volume and value respectively.
A monthly report from the Uganda Coffee Development Authority
said exports during the period stood at 1,005,834 bags
worth $107.86m. more>>>
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Newly
Harvested Coffee Beans Popular in Japan
Just
like shimmai (newly harvested rice) or Beaujolais Nouveau,
new coffee beans are beginning to enjoy high popularity
in Japan. They seem to be attracting attention thanks to
their fresh taste and people's strong preference for the
first batch of beans. Kofi Raifu Zeitaku Kurabu, a Web
site run by Doi Coffee, based in Sakai, Osaka Prefecture,
put on sale a set containing three kinds of new coffee
beans in January. It immediately sold out. more>>>
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Ethiopian
Premium Coffee Prices Rise on Export Demand
Ethiopian
premium coffee grades rose 8.9 percent to 16 percent
in the 30 days through Feb. 7, as exports more than doubled,
the Agriculture Ministry said. The price for Harar Grade
Five rose 16 percent to $4,231.38 a metric ton during
the period, which corresponds with the fifth month of
the Ethiopian calendar. Yirgacheffe Grade 2 climbed 15
percent to $4,632.08 a ton and Sidamo Grade 2 increased
8.9 percent to $3,536.64 a ton. more>>>
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Rwanda
to Host 2009 Africa Coffee Meeting
Rwanda has been chosen to host next year's
sixth African Fine Coffee Conference and Exhibition.
The annual conference, themed 'A Coffee Journey to the
Land of a Thousand Hills' will be held in Kigali as announced
at the close of this year's conference last Saturday
in Kampala, Uganda.
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