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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. The event includes seminars and workshops, as well as the Latte Art World Championship and the US Cold Brew Championship. For a second consecutive year, coffee was the country’s highest export earner.

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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

Brazil’s arabica prices highest since 1997/98 crop year. Arabica prices reached BRL 1,325.65 (around US $241.07) per 60kg bag for the 2021/22 season – representing more than a 65% price increase per bag compared to the previous crop season. US cents/lb earlier this month, while robusta prices rose by 3.6%

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Coffee News Recap, 11 Nov: Hawaiian coffee farmers facing “one of their worst years for production”, Brazilian coffee farmers default on contracts for second consecutive year & other stories

Perfect Daily Grind

Coffee prices drop in October 2022 but remain 18.1% The International Coffee Organisation says its Composite Indicator Price decreased 10.6% between September and October this year, with a median price of US 177.22 The two-day event will also feature a tradeshow, seminars, panel discussions, workshops, and coffee tastings.

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Coffee News Recap, 5 May: WAC confirms more national competition hosts, Vietnamese robusta production set to fall to four-year low & other stories

Perfect Daily Grind

The report highlights the company’s key environmental and social sustainability activities from last year, including increasing global purchases of certified and verified responsibly-sourced coffee by 9% – amounting to an increase of over 19.5 ICO Composite price reaches highest level since September 2022. million lbs.

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Coffee News Recap, 20 May: Brazil’s coffee exports hit four-year low, PRF Colombia awards scholarships & other stories

Perfect Daily Grind

JDE Peet’s to responsibly source 80% of coffee by end of 2022. Through a partnership with Enveritas, JDE Peet’s will responsibly source 100% of its coffee by 2025, which the company states will provide support to more than one million farmers. In Italy, the average price for an espresso is €1 (US $1.05). Tue, 17 May.

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Coffee News Recap, 16 Sep: Brazilian coffee export revenue up by 61.4% in 2022, EU votes in favour of anti-deforestation law & other stories

Perfect Daily Grind

The increase in revenue is attributed to higher prices and more favourable exchange rates against the US dollar. The new regulations state that products sold in the EU – including coffee – cannot be sourced from supply chains which include deforestation. billion between January to August this year.

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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

Nestlé is aiming to sustainably source 100% of its coffee by 2025. Colombia Land of Diversity 2022 auction achieves record average price of US $17.01/lb. From international bidding, the highest price received was US $78/lb for an El Roble estate lot. La Marzocco opens new hub in Singapore.