Coffee

Vietnam Coffee Tree

VIETNAM COFFEE EXPORTS GROW DESPITE PRESSURE FROM GLOBAL UNCERTAINTIES

Although Vietnam is currently under pressure from rising inflation in key markets and global uncertainties, the country still managed to post record-breaking coffee exports in 2021/2022. Statistics from the General Department of Customs show that Vietnam exported 1.42 million tonnes of coffee in the first ten months of this year, up 10.8% from the same …

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Luckin Coffee Logo

LUCKIN COFFEE INC. Q3 2022 FINANCIAL RESULTS SHOW A COMPANY COMMITTED TO GROWTH

Luckin Coffee, Starbucks’ biggest competitor in the increasingly crowded Chinese market, announced its financial results for the third quarter of 2022 on 22 November. The company reported strong growth in the third quarter and has been working to restructure its business after an accounting fraud nearly two years ago. We are pleased to deliver another …

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Nespresso Compostable Capsules

NESPRESSO LAUNCHES NEW LINE OF HOME-COMPOSTABLE COFFEE CAPSULES IN 2023

Nespresso has partnered with sustainable packaging solutions provider Huhtamäki to launch compostable paper-based coffee capsules. The new line will initially be launched in France and Switzerland with the Nespresso Original System in early 2023 and is expected to be rolled out in several other European countries within a year. Pushing the boundaries of fine coffee …

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Westrock Coffee

WESTROCK COFFEE REPORTS STRONG GROWTH, BUT HIGHER LOSSES IN Q3 2022

Westrock Coffee Company, an Arkansas-based integrated coffee, tea and extract services provider, has reported its financial results for the third quarter that ended on 30 September 2022. Sales increased 27% to a total of $230.3 million. Growth in single-serve coffee volumes and green coffee price increases were the main drivers of the improvement. However, a …

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Gavel

U.S. APPEALS COURT SETS 60-DAY DEADLINE ON KEURIG ANTITRUST CASE

A federal judge in Manhattan has 60 days to move forward with the nearly 9-year-old antitrust case against Keurig Green Mountain Inc. before a federal appeals court reconsiders whether to intervene in the litigation, according to a court order on Tuesday. The New York-based 2nd U.S. Circuit Court of Appeals in an order declined “a …

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Saudi Cc Logo

SAUDI COFFEE COMPANY WANTS GROWTH IN DOMESTIC COFFEE PRODUCTION

The Saudi Coffee Company recently signed an investment agreement with the Royal Commission for Jubail and Yanbu to build a 30,000-square-metre coffee warehouse in Jazan City. Saudi Arabia’s current coffee production is 300 tonnes per year, a figure the country aims to increase to 2,500 tonnes by 2032, an increase of more than 700%. The …

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Smile Podpack

SMILE COMPOSTABLE SOLUTIONS AND POD PACK INTERNATIONAL AGREE SALES PARTNERSHIP

Smile Compostable Solutions has signed a material sales agreement with Pod Pack International, a major manufacturer of single-serve coffee and tea pods and cups. The agreement aims to demonstrate the convenience of Smile’s turnkey capabilities as “the only fully certified compostable pod system”. Pod Pack’s customers will have more environmentally sustainable options thanks to Smile …

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Sbux Reserve Empire State Building First Floor Main Bar Matthew Glac 4 1536X1024 1

EXCLUSIVE STARBUCKS BRANCH OPENS IN EMPIRE STATE BUILDING

The new Starbucks Reserve Empire State Building store officially opened on Wednesday, 16 November. The coffee shop spans three floors and 23,000 square feet and promotes community through interactive workshops, guided tasting flights, speciality coffees and cocktails, and an expanded artisanal menu of Princi food. Starbucks Reserve locations are designed to spotlight our exquisite Starbucks …

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Coffee Brazil

BRAZILIAN COFFEE SELLERS NOT OPTIMISTIC ABOUT LARGER HARVEST NEXT YEAR

Brazilian coffee sellers are downbeat on the prospects for the supply of beans, in contradiction to market expectations that the country will have a bigger crop next year. Cooxupé, Brazil’s largest Arabica coffee cooperative, expects next year’s harvest to be as weak as this year’s, President Carlos Augusto Rodrigues de Melo said in an interview, …

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