|Day's Range||99.80 - 101.15|
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.
HANOI/BANDAR LAMPUNG (Reuters) - Traders in Vietnam lowered their coffee output forecasts by 10 percent this week as a bumper harvest in the world's largest robusta producing country came to an end. "We are not surprised to see a lower output as stubbornly low domestic prices have discouraged many farmers to fertilize and water their trees, while weather condition was also not supportive," a trader based in the province of Dak Lak said on Thursday. "Though output is lower, domestic prices have not risen due to external factors, including larger forecasts by foreign agencies," said another trader based in Ho chi Minh City.
Starbucks, Peet's Coffee and Coffee Bean & Tea Leaf have announced new winter drinks. Plus, 7-Eleven has a freebie for its half-birthday.
Buyers and sellers of specialty coffee, increasingly worried about future supplies of high quality beans, are finding new ways to price their coffee after benchmark U.S. futures hit a 13-year-low in late 2018. Specialty coffees are usually priced at a premium to the benchmark, leaving specialty growers vulnerable to volatility in futures. The Transparent Trade Coffee (TTC) platform, the brainchild of an Atlanta, Georgia, academic, is looking to change that by establishing benchmarks for specialty coffees.
HANOI/BANDAR LAMPUNG (Reuters) - Domestic coffee prices rose further in Vietnam this week as traders hoarded supplies on expectations of higher prices, while trade in Indonesia remained muted. Farmers in the Vietnam sold coffee at 33,800-34,000 dong ($1.46) per kg on Thursday, up from 32,600-33,500 dong a week earlier. "Many domestic traders are increasing their purchases of the newly harvested beans, giving an upward push to domestic prices," a trader based in Dak Lak province said.
"Instant coffee has such a bad rep," says Nate Kaiser, an entrepreneur in Pennsylvania. "It's usually the worst-case scenario, or something your grandparents have. It's never, never been thought of as a specialty product, and for good reason." Curious about why it lacked the depth of flavor and nuance of the freshly ground beans he…
United City Greensboro is reaching out to the downtown community with coffee. The Wesleyan-affiliated church opened Union Coffee on Nov. 14 at 216 W. Market St. to foster a sense of community and raise money for various charities around the world. The property is owned by Metric Holdings LCC, controlled by Eric Peterson and Timothy Cox of Stir Creative.
Nespresso, part of food giant Nestle, aims to use sustainable aluminium in all of its coffee capsules by 2020 under a deal with mining major Rio Tinto announced on Monday. Both companies have faced criticism for adding to pressure on the planet, with campaigners saying Nespresso coffee machines are wasteful and many of the used capsules end up in landfill. Under the deal, Anglo-Australian Rio Tinto will supply aluminium produced with renewable power and respect for biodiversity to Nespresso, the world leader in the coffee pod market.