According to the India Financial Express, coffee exports are expected to increase 15-20% year-on-year in the current fiscal, if the trend in the last three quarters is anything to go by. Till Janauary 24, India’s coffee exports jumped 19% to 1,84,126 tonnes from 1,54,110 tonnes a year ago, with a rise in international prices spurring overseas sales. Read more at the source.
A campaign by Ethiopia to get a fair price for its coffee - some of the world’s finest - kicks off in London today (Monday) as a spokesman for the east African country’s coffee growers meets Tony Blair. The meeting will be accompanied by a screening of the film Black Gold - an expose of the global coffee industry - to MPs at Westminster, who will also be addressed by the Ethiopian ambassador to Britain. Read more at the Guardian Unlimited.
Diedrich Coffee, Inc. announced operating results for its second fiscal quarter ended Dec. 13, 2006. For the second quarter of fiscal year 2007, the company reported a net loss of $2,129,000, or $0.40 per share, compared to a net loss of $1,442,000, or $0.27 per share, for the second quarter of the prior fiscal year. Year-to-date, the company reported a net loss of $3,775,000, or $0.71 per share, compared to a net loss of $2,993,000, or $0.57 per share, for the comparable period in the prior fiscal year. Read more at AMonline.com.
Coffee Holding Co., Inc. announced its operating results for the year ended October 31, 2006. In this release, the Company: Net income decreased $485,053, or 40.9%, to $700,082 or $.13 per share for the year ended October 31, 2006 compared to $1,185,135 or $.25 per share for the year ended October 31, 2005. The decrease in net income primarily reflects increased cost of sales due to higher commodity costs and greater operating expenses and a loss by our Café La Rica joint venture, partially offset by increased net sales. Read more at MarketWire.
Also from this past weekend: Marketing Week assesses Costa Coffee Brand.
Posted by beanybabe at 1:16 AM PST
