News
Tea Exports Declined in Value in 2019
Logistical hurdles in tea-producing countries greatly complicated export this quarter as demand declines and prices remain low. Read more
US Consumers Remain Wary of Reopening
Concern has declined as some states reopen, “but America is still anxious, with slightly more than half of the people feeling very concerned and hugely worried about their own personal health.” Read more
Probat Opens New US Facility
Coffee roasting industry leader PROBAT, Inc., opened a new industrial facility in suburban Chicago this month, doubling its space. Read more
Luckin Fires Top Executives Amid Scandal
Two leading executives at Luckin Coffee were dismissed this month as the Chinese retail chain attempts to survive an ongoing accounting scandal. Read more
Overseas Buyers are Wary of Kenya’s Direct-Trade Ban
Producers in Kenya, the world's top exporter of black tea, experienced minimal interruption from coronavirus during the spring harvest yet there is concern among premium tea buyers over substantive reforms. Read more
Colombo Tea Auction Transitions to Digital
Sri Lanka is embracing a digital future for the Colombo Tea Auction, according to Sri Lanka Tea Board Chair Jayampathy Molligoda. The country's first three electronic auctions in April resulted in sales of 16.5 million kilos of tea. Read more
Pandemic’s Impact: Expect Drop in Coffee Demand
The worldwide economic decline caused by the coronavirus pandemic will drive down demand for coffee. The big question is how far down will it go? Read more
Starbucks Reopens US Stores
The company is reopening its stores across the United States with what c.e.o. Kevin Johnson calls “the concept of the third place.” Read more
Café Adaptations Triggered by Crisis
Cafés and coffee shops that survived China’s lockdown are rebounding quickly due to adaptations that are influencing retailers facing the same threat globally. Read more
Colombian Growers (Finally) Get a Price Stabilization Fund
There’s finally some good news coming out of Colombia in the last couple of weeks. The 2019 harvest of 14.8 million 60kg bags was the best in the last 27 years, due to good weather and higher productivity. Read more
A Losing Bet: Luckin Coffee Exposed
The high-flying, money-losing Chinese coffee chain Luckin Coffee said, on April 2, that an internal investigation had found that its chief operating officer had fabricated 2019 sales by about CNY2.2 billion yuan ($310 million). Read more
'New Style Tea' Trending in Bubble Tea Lands
Healthier tea options threaten Asia’s bubble tea dominance as young tea drinkers transition to xiandai cha. Read more
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