The effect of many poorer farmers pulling out of coffee production because of previously poor prices, particularly in both East and West Africa and Latin America, is now becoming clear. Production in Kenya, Tanzania and Uganda has declined dramatically since 2002. The ICO (International Coffee Organisation) statistics show that production in Kenya fell from 945,000 bags in 2002 to 693,000 last year, while in Uganda the fall was even more pronounced � from 2.89 million bags to 2.16 million in 2005. Read more at the East African.
The Forward Markets Commission (FMC) has sought the opinion of the Coffee Board on the request of MCX for launching futures trade in coffee. FMC chairman S Sundaresan told FE that since the request was linked to trade in a foreign exchange, the London International Finance and Futures Exchange (Liffe), the commission felt that it had to seek the views of the board and how it would be seen by the local farmers. Read more at the Financial Express.
American Hiking Society and Higher Ground coffee roasters have joined together to offer an Organic, Fair Trade, shade grown blend of coffee to support the construction, protection and promotion of hiking trails in the southeast. This medium-bodied coffee carries a taste of wild berries and a subtle dark chocolate finish. Better yet, the coffee is certified Fair Trade, and since it’s shade grown, its songbird friendly! A portion of each purchase will support American Hiking Society’s work in the southeast. Read more at Mountain Zone.
Posted by beanybabe at 10:21 AM PST
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A new coffee drink that claims to help consumers lose weight by reducing the amount of sugar the body absorbs from food will be launched in the UK next year. I may have to move. Read more at Food USA.
UAE-based Abbasi Group will start three outlets of Coffee Bean and Tea Leaf in Mumbai early next year, which will mark the retail brand’s debut in India.Coffee Bean outlets will brew here as a joint venture with Indian hotelier SK Jatia Group. What’s more, Abbasi hopes to start operate Coffee Bean outlets pan India, with the next phase expansion slated for New Delhi. Read more at Rustamjee.
Java companies need new coffee varieties just as Ben and Jerry’s needs new ice cream flavors, and so Green Mountain Coffee Roasters of Waterbury, Vt., is introducing PBS Blend, a new Fair Trade Certified organic coffee that was grown, as Green Mountain noted, “in the lush tropical rain forests surrounding the El Triunfo Biosphere in Mexico.” Read more at Boston Globe’s Business Ticker.
Coffee worth millions of shillings was destroyed when a fire swept through a coffee drier at Kyagalanyi Coffee Ltd. on 4 December. The drier contained 30 tonnes of coffee, an employee said. Read more at All Africa.
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Last Thursday, London Stock Exchange-listed Caffe Nero agreed to a £225 million ($442 million) management buyout led by Ford. The company’s shares were up 3 pence (5.9 cents), or 1.13% to 268 pence after the news.The firm, which was launched by Ford in 1997, said it had backed the offer, which values each Caffe Nero share at 270 pence. Read more at Forbes.
Remember that ongoing Brazilian drought? Well, a cup of coffee can turn too bitter to drink in hours, but unroasted, well stored coffee beans can last up to 30 years, and Brazil’s government is capitalizing on this fact. With world coffee supplies tight and prices high, Brazil plans to zero out all that is left of its federal coffee stocks, much of which are beans nearly 30 years old, an agriculture ministry official said. Read more at Reuters UK.
Honolulu-based coffee retailer Pacific Land and Coffee Corp. [OTC BB:PLCF.OB] has acquired Coscina Brothers Coffee, its main supplier, the company announced Thursday. The company will now be called Pacific Land and Coffee Corp. dba Coscina Brothers Coffee. Read more at Pacific Business News.
Nespresso, the pioneer in premium pre-portioned coffee, announces the opening of its first Boutique Bar in North America. Located in New York City at 761 Madison Avenue, between 65th and 66th Streets, the Nespresso Boutique Bar will serve a discerning clientele in one of the city’s most prestigious residential and shopping areas, which is home to the world’s most fashionable brands. Read more and see all the photos at Single Serve Coffee.
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The Specialty Coffee Association of America (SCAA) invites all coffee people to its show May 4 to 7, 2007 at the Long Beach Convention Center in Calif. At the show, attendees will get a chance to meet face-to-face with the entire coffee community, explore coffee basics from seed to cup, learn the romance marketing approach, understand which equipment works best for different store types, and find everything you need to get started in or grow your specialty coffee business. Read more at the SCAA Website.
Ultimate Franchise Systems, Inc. (”Ultimate”) (OTC: UFSJ) a venture management company that develops ownership positions with mid-sized businesses, primarily in the restaurant industry, announced today that it has completed an affiliation agreement with All American Coffee & Beverage, Inc. (”AACB”) (OTC: ACBV) for Ultimate to attain a 19% ownership position in All American. The agreement increases the company’s holdings in publicly-traded companies to four, as well as serving as a launching platform for Ultimate’s own line of branded coffee beverages. Read more at Drinks Media Wire.
Tata Coffee analyst recommendation from the Hindu Business Line. “Investors can consider subscribing to the rights offer of the partly convertible debentures by Tata Coffee. Expansion plans, the Eight O ‘Clock Coffee acquisition and the thrust on the CIS markets augur well for the company’s earnings.” Read more at Hindu Business Line.
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category: Uncategorized
The pusher and the junkie, straight from Folgers re: Simply Smooth: “This new stomach-friendly coffee from Folgers is made from specially selected beans that are roasted to reduce certain irritants that may affect a sensitive stomach. So you can enjoy more of the Folgers Mountain Grown® taste and aroma you love.” What is it? How can I shoot myself up with it?
Read this opening sentence for this press release and tell me what you think: “Cuppy’s Coffee & More will contribute coffee to Cholla Environmental Partners (CEP) when they host a bow hunt for disabled children.”
As a personal finance columnist, I always appreciate great stock market humor. You can find plenty of this and more at Long or Short Capital, where this Website’s authors “use science to improve the lives of the rich.” One especially disgusting/funny post is about coffee pooplet production.
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