|Day's Range||91.30 - 94.00|
As the April 26 release of Avengers: Endgame, the latest movie in the popular Marvel franchise, coincides with the ongoing final season of Game of Thrones (GoT), it’s a great time to be a pop culture merchandiser in India. After the new season of HBO’s GoT premiered on April 16, sales of T-shirts, coffee mugs, and other products themed on the fantasy show have multiplied at e-commerce firms Myntra, Redwolf, and The Souled Store, which sell its official merchandise in India. Since the first episode of the season, Myntra’s GoT merchandise sales have doubled, and those at The Souled Store have quadrupled, compared with the whole of March, statements from the companies said.
The world’s largest food company, Nestlé, is buzzing. The Swiss packaged food giant posted first-quarter earnings today, revealing that sales rose by 4.3%, beating analyst expectations. Coffee played a big role in the results—specifically, Starbucks coffee.
HANOI/BANDAR LAMPUNG (Reuters) - Coffee trading has been slow this week in Vietnam due to weak prices, while elections in Indonesia saw traders keep to the sidelines.
The Brazilian government is considering offering put options to coffee producers as a way to shore up prices at a 13-year low and assure a minimum income for struggling farmers, two people with knowledge of the talks told Reuters on Thursday. The program, if approved, would give producers the right to sell their crops to the government at a fixed price, setting a floor for coffee prices in the world's largest coffee producer and exporter. Producers have been pressuring Brasilia to offer put options and rebuild government bean inventories that had been sold off earlier this decade.
Target Corp's flagship coffee bags and pods of the brand Archer Farms will be certified fair trade by 2022, the company and Fair Trade USA told Reuters on Wednesday, a victory for that movement, which seeks to make sure producers are adequately compensated for their labor. Coffee futures are currently trading near 13-year lows, weighed down by a record-large Brazilian crop. Archer Farms, Target's flagship-owned coffee brand, sells about six million pounds of coffee each year.
How’s this for a mixed drink idea? Take one beer maker with sluggish sales looking to broaden its product offerings. Stir in a coffee and soda company hoping to shake things up. Add liquor. Keurig Dr. ...
A robust harvest, particularly in Brazil, brought a glut of supply and falling prices. Now, as farmers adjust and coffee trees recover, the pendulum should swing.
Coffee futures are set to rally as bad weather in Central and South America pared coffee bean supplies, leaving the market vulnerable to weather surprises.
HANOI/BANDAR LAMPUNG (Reuters) - Vietnamese farmers held back from selling coffee beans this week due to low prices after harvest ended last month, while trading in Indonesia remained muted due to a lack of supply. Farmers in the Central Highlands, Vietnam's largest coffee growing area, sold their beans at 32,400 dong-33,300 dong ($1.40-$1.43) per kg on Thursday, compared with 32,200 dong-33,400 dong a week ago, a trader based in the province of Dak Lak said. Traders in Vietnam offered 5 percent black and broken grade 2 robusta at a $50 per tonne discount to the May contract, unchanged from last week.
MELBOURNE, Australia—Just before the final round of Australia’s top coffee competition, barista Tilly Sproule stocked up on a crucial ingredient. “Backstage is hilarious,” Ms. Sproule said. Some cafes are freezing their best beans so they’ll last months or even years—far beyond the couple of weeks that roasted beans typically taste their best.
Baristas Coffee Company, Inc. (OTCMKTS:BCCI) is facing a mountain of requests for the proprietary EnrichaRoast CBD Coffee. The CBD-based coffee became an instant hit especially after Baristas’ aggressive marketing drives. In particular, the firm aired EnrichaRoast CBD Coffee ads during Super Bowl LIII. In an earlier statement, Baristas had indicated that it would advertise the […] The post Baristas Coffee Expands Distribution Chain For EnrichaRoast CBD Coffee appeared first on Market Exclusive.
For Starbucks, former CEO Howard Schultz is a hero — and a headache. Schultz spent more than 30 years at Starbucks, growing a handful of coffee shops into a global brand. Some Democrats fear Schultz could tip the 2020 election to President Donald Trump by splitting their vote.
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YuMi is used in different sectors with its precision and arm mobility, Gerber said, mentioning that the robot is used to make mobile phones, watches and work with glass. It's used as a demonstration model to show people for robotic technology can achieve. "Hi, I would like a robot coffee!," a female participant at the World Economic Forum (WEF) in Davos says as she arrives at the Garden Lounge in the main congress center.
HANOI/BANDAR LAMPUNG (Reuters) - Vietnam's coffee prices fell on Thursday ahead of a week-long Lunar New Year holiday early next month, while Indonesian premium widened on empty stock. Traders forecast Vietnam's January coffee exports will fall to 150,000 tonnes from 153,906 tonnes in December. Markets, businesses and government offices in Vietnam, the world's largest robusta producer, will close during the first week of February for the holiday, locally called Tet.
LEKU, Ethiopia/LONDON (Reuters) - In the verdant southern highlands of Ethiopia, coffee farmer Gafeto Gardo is thinking about calling time on an industry that has sustained families for generations. Over the past year, the amount Gafeto gets for a kilogram of coffee beans has fallen a third to 8 birr, or just 29 cents, reducing his income from a cappuccino sold in the West for $3 to $4 to under a cent. Now, a slump in global coffee prices to their lowest in nearly 13 years in September is raising questions about whether it's worth growing beans at all in some of the traditional coffee heartlands of Central America, Colombia and Ethiopia.