Coffee Report
Coffee Startup Aims at Starbucks in China
Luckin Coffee plans to open 2,500 new shops across China in 2019 and, in the process, pass Starbucks as the largest retail coffee vendor in a nation rapidly embracing its newfound coffee culture. Read more
Peet’s Acquires Kombucha RTD
Peet’s Coffee has acquired a majority share in Revive Kombucha, a California-based craft brewery that produces the popular ready-to-drink fermented tea. Read more
Photo courtesy Specialty Coffee Association
SCA Tackles Coffee Pricing Crisis
The Specialty Coffee Association launched a new initiative in December to investigate and address coffee prices and the effects on farmers around the world. Read more
Fundraising for farmers
A new initiative is attempting to raise $10,000 via crowdfunding to help 10 small-scale coffee farmers in Chiapas, Mexico. Read more
Global Exports Set Record
Global coffee exports grew to 121.8 million 60-kilo bags in 2017/18, according to the International Coffee Organization. Read more
Hand-out Keurig Dr Pepper
Merger Is Making Money
The merged Keurig Green Mountain and Dr Pepper Snapple, now known as Keurig Dr Pepper reported third-quarter sales were up 140% to $2.7 billion. Read more
Waste Produces Electricity
Scientists in the United Kingdom have found a way to generate electricity using coffee processing’s liquid waste. Read more
Big Coffee Investment
The Yield Uganda Investment Fund recently put its money behind coffee. Read more
Island’s Coffee Recovery Begins
Hurricane Maria’s ripped away most of Puerto Rico’s coffee trees in September 2017. Now there’s a concerted effort to revive the nation’s industry and help the nation’s recovery efforts. Read more
Coffee Exports up 5.7%
Ethiopian officials report first quarter foreign trade generated $628 million and about a third of those exports were coffee. Read more
Coffee Producers Forum Planned
A second World Coffee Producers Forum (WCPF) will take place stage July 10-11, 2019, in Campinas, Sao Paulo, Brazil. The event will continue discussions as the industry seeks solutions to problems that threaten future coffee supplies. Read more
Trader Sees Better Production Ahead
The coffee market in the Philippines may be nearing self-sufficiency as it continues to make positive strides toward better quality and production volumes, a knowledgeable coffee trader said recently. Read more
Lavazza Acquires On Mars Machines
Lavazza Group, one of Italy’s leading coffee manufacturing companies, has acquired the beverage division of Mars Inc. Read more
Moka Pot’s Maker Gets Needed Money
Bialetti Industrie S.p.A., maker of the iconic Italian Moka Express coffee pot, recently signed an agreement with Och-Ziff Capital Investments, LLC, to provide as much as €40 million (about $45 million) and help restructure the company. Read more
New Hybrid in Hawaii
After 20 years of development, a new coffee hybrid has been created on the Hawaiian island of Kona. Read more
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