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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 company says it will incorporate NFT technology into its current loyalty programme to create new experiences for customers. The increase in revenue is attributed to higher prices and more favourable exchange rates against the US dollar. They will both compete in the World Coffee Championships held in Melbourne later this month.

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Coffee News Recap, 23 Sep: Kenya reports 39% year-on-year increase in coffee earnings, on-the-go coffee consumption making a comeback & other stories

Perfect Daily Grind

The retail data firm says ready-to-drink (RTD) coffee sales have increased by 11% year-on-year, matched by an average price increase of 7%. Coffee capsules remain the most popular way to consume coffee at home, while packaged espresso sales in the US went up by 20% despite a 15% price hike. Wed, 21 Sep.

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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.

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Coffee News Recap, 18 Nov: PRF El Salvador announces speaker line up, arabica futures drop to 16-month low & other stories

Perfect Daily Grind

The authority is also the first to use AI fingerprint technology to “enable the scientific verification” of coffee origin in a bid to improve value for both producers and buyers. Sat, 5 Nov – The Guardian claims coffee prices in UK have risen by up to 22% between August 2021 and July 2022.

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Entering China’s Emerging Coffee Market

Perfect Daily Grind

As they’re increasingly willing to pay higher prices for higher quality, many local roasters and coffee shops have started to take advantage of this. This facility promises to use environmentally friendly technology for air cleaning and smoke elimination, and will exclusively supply Luckin branches. US $7) or more”.

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Quality Control

EATER

In exchange for being a Veronica Foods olive oil exclusive seller, stores get access to training, educational seminars on topics like olive oil chemistry and vocabulary, and marketing material. It sells to the stores with which it’s affiliated. This effectively created a new market: expensive and healthy extra-virgin olive oil.