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Will consumers keep paying higher prices for specialty coffee?

Perfect Daily Grind

Over the past year or so, rising food prices and energy costs have been affecting many people around the world. In fact, in March 2023, the BBC reported that food prices had reached a 45-year high in the UK , with many other major coffee consuming countries also going through similar price increases.

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Coffee News Recap, 22 Jul: Brazil arabica prices highest since 1997, Colombian coffee production down 10% in June & other stories

Perfect Daily Grind

Volcafe joins the Cool Farm Alliance to reduce carbon emissions in its supply chain. The Swiss coffee trader joined the alliance as part of its new sustainability strategy to reduce its environmental impact in 15 origin countries. Brazil’s arabica prices highest since 1997/98 crop year. Tue, 19 Jul. to US $1,992/tonne.

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Coffee News Recap, 2 Sep: Ethiopian government reports US $1.4 billion earnings from 2021/22 coffee exports, volumes of sustainably-sourced green coffee increased by 29% in 2021 & other stories

Perfect Daily Grind

The government estimates that revenue from coffee exports could increase further in 2022/23 as coffee prices remain high. ofi secures US $1.975 billion sustainability-linked loan. Global Coffee Platform’s 2021 Snapshot report shows 55% of green coffee purchased by eight coffee multinationals meets some sustainability standards.

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The Trends to Watch in 2022 & Beyond

Future Food

The Trends to Watch in 2022 & Beyond The changing face of Food & Hospitality. Whilst some food and hospitality businesses chose to pivot their businesses early, out of necessity, others have elected to respond to changes in consumer preferences and are quickly reshaping the food and hospitality landscape in front of our eyes.

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Coffee News Recap, 10 Jun: Arabica prices hit 3-month high after drought predicted in Brazil, Pergamino to host Barista Jam at PRF Colombia & other stories

Perfect Daily Grind

IDH – The Sustainable Trade Initiative publishes Coffee Farmer Income Resilience Baseline Report. The report concludes crop diversification and intensification of sustainable farming practices are required to improve the socioeconomic livelihoods of producers. Robusta prices drop as Brazil continues 2022/23 harvest. Tue, 7 Jun.

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How can digitalisation connect consumers to coffee farmers?

Perfect Daily Grind

Digitalisation is an important topic at both ends of the supply chain. And will doing so help the coffee industry become more transparent and sustainable? This could be anything from coffee prices and predicted weather conditions to farm maps and soil health. Read on for their insights on digitalisation in the coffee industry.

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Coffee News Recap, 4 Nov: PRF to return to Colombia in 2023, more than a third of UK hospitality businesses at risk of closure due to rising costs & other stories

Perfect Daily Grind

The survey found that that 35% of respondents were expecting to be operating at a loss or face closure by the end of the year, with 96% of businesses also experiencing higher energy costs and 93% facing food price inflation. Fairtrade launches Living Income Reference Price for Ugandan arabica.

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