News
Photo by Sherri Johns/STiR
Thai Specialty Winners Top $400 Pound
Results of this year’s Thai Specialty Coffee Awards, a countrywide coffee competition, rivaled well known and marketed global coffee competitions and auctions with a winning bid of $418.48 per pound. Read more
Q&A David Hogg / Araku Coffee Project
David Hogg, chief agriculture advisor at the Naandi Foundation in India, talks about the Araku Coffe Project, production, and sustainability. Read more
Starbucks Anchors $400 Million Investment Fund
Starbucks says it will commit $100 million to Valor Equity Partners, which has established Valor Siren Ventures to explore new ideas and retail technologies “relevant to customers, inspiring to partners, and meaningful to Starbucks business.” Read more
Colombian Growers Will Set Own Coffee Price
The Colombian Coffee Growers Federation plans to bypass the coffee commodities market and establish a price floor of $1.50 per pound to ensure Colombian growers recover their cost of producing approximately 15% of the world’s coffee. Read more
Trade Retaliation Heightens Tensions in Pakistan-India Faceoff
India withdrew most favored nation trading status with Pakistan immediately following a suicide bombing that killed at least 40 national police and injured hundreds more. India then imposed a 200% duty on any goods imported from Pakistan. Read more
Researchers Endorse Shade-Grown Coffee
Coffee grown in full sun generally produces higher yields but researchers at Columbia University and Cornell who applied an economic model to shade-grown coffee suggest farmers will benefit from higher price premiums. Read more
DMCC Opens Climate-Controlled Coffee Center
The Dubai Multi Commodities Centre inaugurates the Middle East’s first large-capacity coffee center capable of warehousing and processing 20,000 metric tons of green coffee shipments. Read more
IMA Launches Coffee Hub With Two Acquisitions
Italian company acquires controlling interest in Spreafico Automation and Tecmar to solidify its new Coffee Hub services. Read more
Changing of the Guard
Several coffee firms announced promotions and a changing of the guard at the first of the year. Read more
Bart Becht Leaves JAB
JAB Holding Co. senior partner Bart Becht, the operational genius behind an expansive $52 billion spending spree that has transformed the global coffee market, will step down as chairman and retire in 2019. Read more
Coffee Prices Slowly Edging Up
Coffee prices, reflected in the monthly International Coffee Organization (ICO) composite, found a bottom last fall and have since inched upward. Coffee futures on the Intercontinental Exchange dropped 30% in 2018. Read more
SCA Elects Board Members
The Specialty Coffee Association named six new members to its board of directors. Each term began Jan. 1, 2019. Read more
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