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COFFEE IN THE NEWS Providing coffee reports from around the world. We highlight
and summarise the best articles from the international press.
Through 1 May 2008 |
SPECIALTY COFFEE
ASSOC. OF AMERICA CAFFE CULTURE THE CUP OF WHITE NIGHTS COFFEE FEST HAWAII TRIESTE ESPRESSO EXPO |
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Starbucks Says Weak Economy Hampering Business But New Coffee Bumps Up Sales Starbucks Corp
Chief Executive says he has seen an "incremental bump in sales" from
its new Pike Place daily coffee.. "It's
helped traffic but the burden that we're under is significant," said
CEO Howard Schultz, who is charged with turning around the coffee
seller's U.S. business, which is hampered by a weak economy.. |
Ethiopia Expands Export Market to Russia After several months
of trade negotiations in the joint Russian-Ethiopian economic commission,
Russia is considering allowing Ethiopia to bring in its different
brands of aromatic coffees on a preferential basis, as Ethiopia seeks
to diversify from its traditional markets in the United States, Britain
and other parts of Europe. . |
Coffee May Protect Against Breast Cancer, Study Shows Depending on which
variant of a certain gene a woman has, a coffee consumption rate
of at least two-three cups a day can either reduce the total risk
of developing breast cancer or delay the onset of cancer. This is
shown in new research from Lund University and Malmö University
in Sweden |
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Brazil May Offer Subsidy to Arabica Coffee Growers Brazil, the world's
biggest coffee producer, may give arabica growers a subsidy at government-run
auctions this year to ensure a minimum price after the harvest starts
in June. |
Starbucks Sees First Annual Profit Decline in 8 Years Starbucks Corp.,
the world's biggest chain of coffee shops, forecast its first annual
profit decline in eight years as sales at U.S. stores slowed, causing
the shares to drop 11 percent in late Nasdaq trading. |
German Coffee Roaster Plans East Europe Expansion Germany's largest
coffee roaster Tchibo plans to open over 400 coffee shops in east
Europe with countries earmarked for expansion including Russia, Ukraine
and Romania, |
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Gourmet Coffee Culture Thrives in New York While New Yorkers
were once satisfied with a quick cup of deli java, demand
for specialty coffee bars and expert baristas is growing, coffee
experts claim. New independent
cafes have sprung up in the city, roasting their own beans and using
the latest by-the-cup techniques to brew espresso-based
beverages. |
Asian Coffee Prices Down Asian coffee prices
drifted lower in the week to Tuesday as growers and exporters in
Vietnam reduced prices ahead of the Indonesian crop, and contracts
on the benchmark London futures exchange dropped. |
Tempe Arizona’s 24-hour Coffee Shop Every Friday and
Saturday, Xtreme Bean coffee shop stays open 24 hours to cater to
the local night owls looking for a coffee fix. The cafe originally
closed at 2 a.m. but within months the store began to keep its doors
open all night allowing students to combine their caffeine cravings
with a late wireless hotspot. |
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Saudis Buy More Industrialised Coffee From Brazil Brazilian exports
of ground and milled coffee to Saudi Arabia grew 316% in volume and
291.8% in revenues in the first quarter this year, compared with
the same period in 2007. The Arab country was the 12th largest buyer
of coffee sold under Brazilian brands in foreign countries. |
Security Concerns Stop Coffee Growers From Harvesting Military restrictions
on civilians in Timor-Leste are putting the multi-million dollar
coffee industry in jeopardy as authorities have ordered growers to
stay away from their plantations, preventing them from preparing
for the annual May coffee bean harvest. |
Historic Budapest Coffee Houses Revived The coffee houses
of Budapest, famous gathering spots for thinkers and writers, are
making a comeback. |
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Increasing Sophistication of Coffee Drinkers Good for Producers As consumers
in India and China develop a taste for the drink, prices are likely
to keep rising. Meanwhile something new is happening in developed
markets. Europeans, Americans and Japanese are switching to higher-quality
coffee. Discerning consumers now demand authenticity: they want
stories about where their coffee beans come from. So the best coffees
will increasingly be differentiated, like fine wines and spirits,
and sold at previously unthinkable prices. |
Speciality Coffee Supplier Plans Cafe Chain J Rodrigues Coffee,
a family-run coffee plantation company, is the latest among growers
to move up the value chain by setting up a cafe in Bangalore. |
Mexican and Central American Coffee Markets Still Slow Physical trading
picked up this week in the cash arabica coffee markets of Mexico
and Central America, but overall business was slow despite a healthy
flow of offers, traders said Friday. |
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Historic
and contemporary
cards portraying
coffee culture
at its best...more>> |
Strauss to Buy Russian Coffee Company Strauss Group
Ltd., Israel's biggest food company, has agreed to purchase the
coffee brands of Cosant Enterprises Ltd. in Russia and Ukraine
for $93 million. The roasted and grounded brands, including Chornaya
Karta and Kaffa, will be integrated into Strauss's coffee operations
in the Confederation of Independent States region |
Coffee Farmers to be Paid on Delivery The Kenya Planters’ Co-operative
Union Saturday announced plans to pay coffee farmers cash on delivery
of the commodity. The organisation’s managing director, Mr
Peter Kimani, said the policy will be implemented under the new
Instant Coffee Delivery Advance Programme.. |
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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. |
Volatility in Coffee Market Arabica coffee
prices were subject to downward adjustments during March. The monthly
average of the ICO composite indicator price fell marginally from
138.82 cent per lb in February to 136.17 cent per lb in March. |
Coffee Berry as a Skincare Ingredient Skincare-News.com's article, "CoffeeBerry: A Wakeup for the Skin," explains how the nutrient-rich fruit or berries of the coffee plant can help to rejuvenate and refresh the skin. more>>> |
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Animal Dung Coffee at £50 ($100) a Cup A gourmet coffee blended from animal droppings is being sold at a London department store for £50 per cup. Jamaican Blue Mountain and the Kopi Luwak bean are used to create Caffe Raro which is thought to be the most expensive cup of coffee in the world. more>>> |
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>>> |
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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,. more>>> |
From McMuffins to McLattes McDonald's chases gourmet coffee market - plans massive restaurant upgrade. more>>> |
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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 |
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Rwanda:
Coffee Farmers Form Alliance |
Price of Folgers Coffee Dropping Procter & Gamble said 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. More>>> |
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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. 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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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>>> |
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>>> |
Starbucks
cutting 600 jobs, many in Seattle |
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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>>> |
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. 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>>> |
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>>> |
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. 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>>> |
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. |
Managing Editor - Bob Biderman www.coffeeinthenews.com News items can be emailed to:
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