The India Coffee Board, a statutory body of the Union Commerce Ministry, Saturday announced a comprehensive weather insurance scheme for growers at affordable premium against crop loss due to the vagaries of monsoons.
The rainfall-linked insurance scheme, to be offered by the state-owned Agriculture Insurance Company (AIC), has been devised to protect coffee growers from deviations in weather (rainfall) resulting in lower yield within a specific area and period. It provides payout against deficit rainfall in blossom showers, backing showers and excess rainfall during the monsoons.
In the case of monsoon showers, the payout will take place if the daily rainfall is more than 25mm consecutively for seven days during the period.
Read Story: IndianMuslims.info
Posted by beanybabe at 8:02 AM PDT
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I would put this news tidbit under the “Truth is stranger than…” category, but the use of coffee as a weapon has become so prevalent that it no longer seems stranger than strange. This time, a robber used a pot of coffee to stun a store clerk so that the robber could make off with cash from the store’s register.
The store surveillance video shows what happened as the man looked like he was going to pay for the coffee. After watching the surveillance tape for the first time, Steffen Yates tells 9 News, “As I’m getting ready to close the drawer, there’s some noise or something. I can see the coffee aimed at me. I did an immediate assessment and tried to turn away before it could hit me.”
The coffee hit Yates in the neck, raising blisters in what appears to be a second-degree burn. The news story is asking for help in solving this crime that occurred at a Speedway station on Glenway Ave. in Green Township, Ohio.
Read Story: WCPO 9
Posted by beanybabe at 7:49 AM PDT
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As Rwandan coffee season for this year heads for harvests, dealers and partners in coffee have expressed the need to work together on increasing its quantity and quality for more revenues.
This was during a recent meeting on Friday March 16, of over 60 coffee dealers and development partners in Butare town. The meeting discussed issues related to increasing coffee production, improving the quality, washing techniques and commercialisation.
Minister of Commerce, Protais Mitari said the government is looking at how to ask all coffee growers and dealers to group them-selves into cooperatives. He said that government aims at assisting cooperatives rather than one independent person.
Read More: All Africa
Posted by beanybabe at 4:35 AM PDT
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Coffee Holding Co., Inc. (AMEX: JVA) today announced its operating results for the three months ended January 31, 2007.
Net income was $309,684, or $.06 per share (basic and diluted), for the three months ended January 31, 2007 compared to net income of $519,638, or $.09 per share (basic and diluted), for the three months ended January 31, 2006. The decrease primarily reflects losses related to our Café La Rica joint venture, including a $63,939 equity loss, a $33,000 writedown in the investment in the joint venture and a $242,000 writedown in amounts due from the joint venture. These losses reduced our net income by $338,939, or $0.04 per share, for the three months ended January 31, 2007.
Read More: Sys-Con Media
Posted by beanybabe at 4:31 AM PDT
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An Ambridge convenience store employee was treated at a Pittsburgh (Pennsylvania) hospital for severe burns early Monday after a customer threw a pot of hot coffee at her. A whole pot! Borough policeman James Mann said Crumb was scheduled to see a specialist in the hospital’s burn unit today. Crumb, he said, was working the late shift at Sunoco A-Plus, 800 Merchant St., when she got into a scuffle with a customer.
Read More: Times Online
Posted by beanybabe at 4:26 AM PDT
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