Asia
ICO reports that Robusta levels surge; South America exports jump 41.7%
The ICO Composite Indicator Price grew solidly in March, with the Robustas leading the way.
Expat. Roasters represents Indonesia at ASEAN Barista Team Championship
The ASEAN Barista Team Championship 2024, set to take place in Bangkok, Thailand, on 7-8 March 2024.
PAPACKS and Euro-Caps awarded for fibre-based coffee capsule
The coffee capsule is made from renewable, FSC-certified raw materials, and has been awarded the WorldStar Packaging Award 2024.
NKG opens Indonesian import company
PT NKG Indonesia Imports will launch its integrated warehouse, cupping lab and import office in Jakarta in March 2024.
IEG Asia acquires further industry events
IEG Asia has recently acquired the food & beverage (F&B) event titles – the Speciality Food & Drinks Asia, Speciality Coffee & Tea Asia and Food2Go – from Montgomery Asia.
Nguyen Coffee Supply’s RTD coffee to be launched into Sprouts
Sprouts Farmers Market has selected all three of the company’s Vietnamese coffee RTD products to be included in their Innovation Program, launching in more than 400 stores in 23 states nationwide.
Robustas hit a 25-year high, averaging 135.47 US cents/lb in December 2023
Robustas grew 10.5% to 135.47 US cents/lb, the highest level since May 1995, while rising tensions in the Red Sea have led some shipping lines to re-route their coffee-carrying vessels as well as add new surcharges.
Coffee prices remain stable averaging above 160 US cents/lb in November 2023
The International Coffee Organization Composite Indicator Price averaged 161.53 US cents/lb in November, a 6.3% increase from October 2023.
Branded coffee shop market sees grow
Project Café East Asia 2024, World Coffee Portal’s analysis of the East Asian branded coffee shop market, reveals the total segment grew 24%.
Global green coffee exports drop 5.5% for CY 2022/23
The ICO reports that NY and London certified trend down as global green coffee exports fall 5.5% to 110.81 bags in coffee year 2022/23.
Arabicas drop slightly while Robustas remain firmly above 120.00 US cents/lb
The ICO reports that Arabicas drop while Robustas remain above 120.00 US cents/lb in September; world economies and rising costs of living expected to impact consumption.
Robusta prices hit near record highs in August
The International Coffee Organization reports that Arabica-Robusta price movements recouple in August — Robustas remain at near record highs.
CoCo Fresh Tea & Juice reveals South Asia expansion plans
Boba tea brand, CoCo Fresh Tea & Juice, has unveiled plans to expand its footprint in South Asia, as global demand for the East Asian refreshment grows worldwide.
Sri Lanka Institute of Packaging introduces the first ‘Diploma in Packaging Technology’
Sri Lanka Institute of Packaging has introduced the first ‘Diploma in Packaging Technology’ that aims to pave the way for the next generation of packaging professionals.