Asia
Despite a 12.3% setback in November, coffee prices stabilised
Although all average prices for all coffee groups fell in November, the I-CIP remained firm posting a median value of 156.83 US cents/lb.
Demand for energy-saving roasters grows as energy crisis deepens
Increased consumer awareness regarding sustainability combined with rising energy costs and global conflicts and economic challenges are fuelling the demand for more energy-saving and efficient roasting machines.
Arabica prices slip while Robustas record an uptick in final month of CY 2021/2022
ICO’s I-CIP remains range bound since March 2022, averaging 197.13 US cents/lb for the seven months ending in September.
Ally Coffee to open an office in Australia & expand operations in Oceania & Asia
Ally Coffee to open a new office in Melbourne, Australia and expand sales and logistics operations to Oceania & Asia.
Rethinking coffee logistics through the lens of digitalisation
Digital Coffee Future held a series of webinars earlier this year that sought to explore the intersection between logistics and technology in the coffee industry. The article below discusses several of the topics addressed in the three webinars.
Tea sustainability perspectives & human welfare
T&CTJ, collaborating with Firsd Tea, created what we believe is the ‘first of its kind’ tea survey to gauge sustainability perceptions of the tea industry among business leaders in tea, coffee and related industries. This article is the second in a three-part series that outlines some of the initial findings from the survey.
The complicated task of categorising ‘specialty’ tea
In a highly complex market, the Western specialty tea stakeholders are striving to achieve a unified operational framework for ‘specialty’ tea – a high added value segment – to ensure a level playing field for the global value chain.
Robustas made the biggest gains in August, up 9.2%
The ICO reports that low Arabica certified stocks and high volatility add pressure on the I-CIP, closing August at 208.37 US cents/lb.
Coffee prices fall back below 200 US cents/lb in July 2022
The ICO Composite Indicator Price (I-CIP) was down 5.7% from June to July 2022, averaging 190.82 US cents/lb for the latter.
I-CIP rebounds to over 200 US cents/lb for the first time since February
The ICO Composite Indicator Price (I-CIP) gained 4.5% from May to June 2022, averaging 202.46 US cents/lb for the latter. Estimated total production in coffee year 2021-22 remains unchanged at 167.2 million bags, while world coffee consumption is still projected to grow by 3.3% to 170.3 million 60-kg bags in 2021-22.
Starbucks Japan opens new store focused on coffee grounds circularity
The store in Togane City is the second in Japan to be certified under the Greener Stores Framework, aimed at accelerating the transformation of retail towards lower-impact stores.
Green tea is gaining ground in Europe
After centuries of black tea as the exclusive cup in Europe, a skillful marketing of green teas started in the 1990s, based on a health benefits strategy initiated by multinational tea majors in the mainstream market, together with a novelty origin approach launched by China in the premium segment.
IDH Farmfit Fund provides support to financing programme for Vietnamese coffee exporter
IDH Farmfit Fund has announced the close of a credit facility of up to USD $1,000,000 to support ACOM’s unique financing programme, which provides growth opportunities for smallholder coffee farmers across Vietnam.
Teabox celebrates tea picking community with Kalpana 2022 First Flush Teas
Indian premium tea brand Teabox’s 2022 First Flush harvest is dedicated to Kalpana, the tea pickers that bring the drink to tea lovers across the world.