Expect to hear news about disruptions and protests by the Starbucks Workers Union. This should be interesting.
Posted by beanybabe at 4:19 AM PDT
21 March 2007
Starbucks Annual Meeting Today
category: Blogroll
FMC extends coffee trading to 11.30 pm
category: Blogroll
Punters can now take cue from the global markets in real time while trading coffee on Indian exchanges. The Forward Markets Commission has permitted exchanges to extend the trading time for coffee up to 11.30 pm from Monday to Friday. Coffee is the first farm commodity to get this privilege. Till now, late night trading was only permitted by the government in metals, bullion and energy.
ET had earlier reported that the FMC was considering a move to extend trading time for farm crops.
Read the Story: The Economic Times
Posted by beanybabe at 4:12 AM PDT
19 March 2007
Press Conference: IWW Starbucks Baristas and Coffee Farmer Advocates to Speak Out Before Celebration of Resistance
category: Blogroll
Campaign Will Release Short Film on Starbucks Barista Delegation to Ethiopian Coffee Farms and “2006 Starbucks Corporate Irresponsibility Report”
WHO: Starbucks baristas, Ethiopian coffee farmer advocates, labor unionists, and community supporters with signs and banners.
WHAT: A press conference previewing the IWW Starbucks Workers Union and Justice from Bean to Cup! protest the next day at the Starbucks Shareholders Meeting. Current and former Starbucks employees and coffee farmer advocates will tell the true story behind the Starbucks brand; a vastly different picture than the company’s socially responsible image it will showcase at the Annual Meeting.
Posted by beanybabe at 12:18 AM PDT
Centro Coffee’s Revenues
category: Blogroll
Trend Hospitality, which controls the Centro coffee shop chain, is witnessing average revenues worth 300,000 euros from each of its coffee shops on the Capital market. “Some generate higher revenues, some lower, as the concepts and services offered by each are different - this overall figure is based on a total average,” says Tinu Sebesanu, CEO of the company.
At an average value of 300,000 euros, the five coffee shops in Bucharest generate a 1.5 million-euro turnover. The owners intend to expand further with another three locations, each requiring an investment of approximately 200,000-euros. “We want to expand our network of coffee shops within hotels, as well and also have demand for franchises in several big cities,” says the representative of Trend Hospitality, which also manages the operations of the Wyndham hotel group (the Howard Johnson and Ramada brands) in Romania.The company also holds a licence for the Hard Rock Cafe international coffee shop chain for Romania, and according to Sebesanu, the first Hard Rock Cafe coffee shop will be opened by the end of the year. Its location will be announced in April.
Source: Ziarul Financiar
Posted by beanybabe at 12:15 AM PDT
16 March 2007
ICO Makes Coffee Statement
category: Blogroll
The ICO (International Coffee Organisation) composite indicator price fluctuated between a range of 101.99 -106.17 US cents/lb during the month compared to 103.92 - 109.09 US cents/lb in January.
“The ‘El Nino’ phenomenon, which had decreased in intensity in December 2006, became slightly stronger in January 2007 before slackening again in February,” said the organisation.
“It is still too early, however, to assess its impact on the coffee economy. In relation to the Brazilian situation, information received from EMBRAPA indicates that coffee producers are currently concerned about the unseasonable flowering of coffee trees.”
Read More: Food Navigator.com
Posted by beanybabe at 12:20 AM PDT
