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Exploring the impact of long-term sustainable coffee sourcing

Perfect Daily Grind

If the coffee industry is to tackle this problem, it needs to address the increasing need for long-term sustainable coffee sourcing. So what exactly is long-term sustainable sourcing and how can it be achieved? What is long-term sustainable sourcing? Why is long-term sourcing important?

Sourcing 145
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Relationships are about more than just paying a good price for specialty coffee

Perfect Daily Grind

And while these actors can certainly play an important role, their presence in the supply chain can often mean that producers end up receiving a smaller percentage of the final price of each cup of coffee. As part of this, farmers can receive higher prices for their coffee. This is especially important to note.

Pricing 176
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Coffee News Recap, 31 Mar: SCA announces 2023 Sustainability Award winners, new study suggests how coffee helps to lower risk of type 2 diabetes & other stories

Perfect Daily Grind

International Trade Centre partners with International Coffee Organisation on new Sustainability Initiatives in the Coffee Sector mapping project. Specialty Coffee Association announces 2023 Sustainability Award winners. Global Coffee Platform recognises five sustainability schemes aligned with the Coffee Sustainability Reference Code.

2023 136
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How does foreign exchange affect the price of coffee?

Perfect Daily Grind

For the most part, both the price of arabica and robusta rely on futures contracts. These are legal agreements to buy or sell a particular commodity at a predetermined price on a set date. Fluctuations in the market can influence prices paid by roasters and consumers and prices paid to farmers, as well as their production costs.

Pricing 172
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How to Raise Restaurant Menu Prices without Negative Pushback

Ken Burgin

Operators still holding the price of meals to what they were 12 months ago are bearing the brunt of massive increases in the cost of ingredients. Setting prices is approached with fear and anxiety by many restaurant and cafe operators, but it’s a unique opportunity to use your marketing and financial skills and make more money.

Pricing 158
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Coffee News Recap, 8 Apr: Coffee prices fall after increasing in 17 consecutive months, ICO drafts new International Coffee Agreement & other stories

Perfect Daily Grind

Fairtrade International announces new Living Income Reference Price for Indonesian coffee producers. The Living Income Reference Price is offered as guidance for companies wanting to pay living wage incomes in their supply chains. Fairtrade launched its first Living Income Reference Price in 2021 for Colombian farmers.

Pricing 119
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Coffee News Recap, 7 Oct: Severe weather forecast across several of Brazil’s coffee-growing regions, Nestlé commits US $1 billion to sustainable coffee production & other stories

Perfect Daily Grind

As part of the initiative, local artists in three US cities – Atlanta, Milwaukee, and Portland, OR – designed street art murals to raise awareness of sustainability issues in the coffee supply chain. Nestlé commits US $1 billion to support sustainable coffee farming. Nestlé is aiming to sustainably source 100% of its coffee by 2025.