News
American Consumers Pay Tea Tariff on Sept. 1
For the first time since the country’s founding, U.S. consumers will pay a 10% tariff on Chinese tea beginning Sept. 1. Read more
Matyas Rehak - stock.adobe.com
Cocoa Industry Agrees to Base Price
Buyers and sellers agree to a $2,600 per metric ton base Read more
Courtesy World Coffee Producers Forum
Proposed Global Fund Would Provide Grower Support
Economics professor Jeffrey D. Sachs challenges the global coffee community to establish a $10 billion fund to aid growers. Read more
Photo by Dan Bolton / STiR
Colombia Initiates Emergency Subsidies for Coffee Growers
Colombia’s agriculture minister Andres Valencia has earmarked around $32 million in new subsidies to help remedy the devastatingly low benchmark prices on international exchanges. Read more
US Consumers Brace for Higher Tea Prices
Few Americans can assess the immense impact of tariffs on every Chinese import, but they will easily notice the difference between a $6 box of 100 teabags and one that sells for $7.50. Read more
Starbucks Secures $1 Billion Bond
Starbucks borrowed $1 billion on behalf of ethical and sustainable coffee growers. The third and largest in a series of bonds attracted investors favorably impressed with returns from smaller offerings in 2016 and 2017. Read more
Rothfos and InterAmerican Open New HQ
A new headquarters to house InterAmerican Coffee and Rothfos Corporation will open this summer in Hoboken, New Jersey. Read more
Photo by wikipedia commons
Oversupply Drives Coffee Prices Even Lower
Projections for a good harvest, despite 2019 being an “off harvest” year, sent coffee prices to 10-year lows. The monthly average compiled by the International Coffee Organization (ICO) fell to 94 cents per pound in April. Read more
Tariff Troubles
China ships very little coffee to the US but it is America’s largest supplier of green tea. The World’s Top Exports website, using data compiled from the US Department of Agriculture, lists China as the world’s top tea exporting nation. Read more
Q & A: David Neumann of the Neumann Kaffee Gruppe
The managing partner of the David M. Neumann Kaffee Gruppe talks about coffee pricing, climate change, global trade and consolidation across the coffee industry. Read more
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
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