Charles Lu, former chairman and co-founder of the Chinese coffee chain Luckin Coffee, is reportedly planning to launch a new coffee brand in China called “Cotti Coffee”. The name “Cotti” comes from the Italian biscuit “biscotti”, which is commonly eaten as a coffee accompaniment. The brand is said to be an extension of the coffee […]
OUSTED LUCKIN COFFEE CO-FOUNDER ATTEMPTS A COMEBACK WITH NEW COFFEE BRAND Read More »
Ethiopia, the birthplace of Coffea arabica, is home to almost one-fifth of all coffee farms in the world. Half of the coffee produced in Ethiopia is consumed locally and is part of the oldest coffee culture in the world. World Coffee Research (WCR) signed an agreement with the Ethiopian Institute of Agricultural Research (EIAR) and
WCR BOOSTS COFFEE RESEARCH IN ETHIOPIA Read More »
Riverview Acquisition Corp, a publicly traded acquisition company, announced that Riverview shareholders approved the proposed merger with Westrock Coffee Holdings, LLC (“Westrock Coffee”), a provider of integrated coffee, tea, flavour, extract and ingredient solutions, at a special meeting of shareholders held Friday. A total of 24,469,389 shares of common stock, or 78.3% of the issued
RIVERVIEW APPROVES BUSINESS MERGER WITH WESTROCK COFFEE HOLDINGS Read More »
Starbucks has recently closed two more unionised locations, one in Seattle and one in Kansas City. Starbucks Workers United claims it is an act of retaliation, similar to a series of closures that took place in July. The coffee chain giant denies the allegation and states business and safety reasons for closing the said stores.
STARBUCKS UNION CLAIMS CLOSURE OF 2 STORES AN ACT OF RETALIATION Read More »
Coffee lovers may need to buckle up amid the looming coffee price hikes as Vietnam’s vast coffee hoards shrink. The global coffee market is facing huge deficits, and key players in the coffee industry are battered by drought, heavy rainfalls, insufficient supply and shipping bottlenecks. As opposed to production, global coffee consumption is increasing after
VIETNAM ROBUSTA RESERVES SHRINK, COFFEE PRICES MAY RISE AGAIN Read More »
Starbucks is celebrating 20 years in Indonesia by opening its 500th shop in the country. Located on Jalan Gatsu Mudu Taki in Bali’s North Kuta district, it is also the 55th drive-thru location in the archipelago. The opening of our 500th store in Indonesia is a significant milestone for Starbucks. This is a proud moment
STARBUCKS CELEBRATES 20 YEARS IN INDONESIA WITH OPENING OF 500TH STORE Read More »
Ice-cream brand Ben & Jerry’s has teamed up with the Dutch chocolate maker Tony’s Chocolonely to support ethical Cocoa sourcing. The company is known for their activist stance on ethical issues that don’t always go over well with its owners at Unilever, a British Conglomerate that bought the brand in 2000. In 2020 Ben &
BEN & JERRY’S, TONY’S CHOCOLONELY PARTNER IN ETHICALLY SOURCED RANGE Read More »
Starbucks in Russia has recently been reopened as Stars Coffee by pro-Putin rapper Timati and restaurateur Anton Pinskiy. The pair acquired the rights to the coffee chain in Russia previously owned by Starbucks and operated by its licensee Alshaya Group of Kuwait. Timati and Pinskiy attended the launch of the first of the 130 cafes
COPYCAT ‘STARS COFFEE’, TAKES OVER STARBUCKS LOCATIONS IN RUSSIA Read More »
The Specialty Coffee Association (SCA) has announced the second Green Coffee Summit, following the success of the first one in 2021. It will continue the programming and content focused on the purchasing and selling of green coffee. The event will be held virtually for free for two days, on October 18 and 20 2022, featuring
SCA TO HOLD SECOND FREE-TO-ATTEND GREEN COFFEE SUMMIT Read More »
PROBAT has released a limited First Edition of its all-new P01 this week. A digital release event showcasing a limited edition first run of P01 machines took place on Probat’s YouTube, LinkedIn and Facebook channels. As part of the event, nine one-of-a-kind machines hand-painted by David Salinas of the design company Department of Brewology were
PROBAT LAUNCHES NEW SHOP ROASTER P01 Read More »
According to the July 2022 International Coffee Organisation (ICO) Market Report, the composite indicator of coffee prices (I-CIP) decreased by 5.7% between June and July 2022, averaging 190.82 US cents/lb. The Secretariat considers multiple sources for generating supply and demand balance sheets for non-Members and uses the concept of the marketing year, which is the
I-CIP REVERTS TO BELOW 200 US CENTS/LB IN JULY 2022 Read More »
Bloomberg reported Wednesday that Brazil, the world’s top Arabica exporter, is accumulating huge losses due to the consistently unusual weather, resulting in lower yields that threaten to prolong a global supply crunch. Drought and cold disrupted flowering last season, and severe frosts in July 2021 forced farmers to cut down coffee trees at a time
BRAZIL CONTINUES TO SUFFER FROM REDUCED COFFEE CROP Read More »
