Inside Coffee & Cocoa International, November 2015...
For more information, and to subscribe to the print & online editions of Coffee & Cocoa International magazine, click here.
- Strongest El Niño in decades arouses concern for commodities
- Growth in consumption means production must increase dramatically
- Sub-Saharan Africa could herald “new dawn” for coffee sector
- Fall in value of Real and Peso could be good news for Latin American soluble
|Click on the links below to view the latest news stories||Last updated Monday, November 23, 2015|
|C&CI LAUNCHING WEEKLY NEWSLETTER AND NEW WEBSITE|
Coffee & Cocoa International (C&CI) is launching a new weekly newsletter and will unveil a newly-designed and updated website early in 2016.
|AGRITERRA SIGNS ORGANIC COCOA TRADING AGREEMENT|
Agriterra's Sierra Leone cocoa business, Tropical Farms Limited, has signed a trading agreement with a leading global company focused on natural, organic and specialty foods.
|DRINKING COFFEE MAY REDUCE RISK OF PREMATURE DEATH|
People who drink 3-5 cups of coffee a day may be less likely to die prematurely from some illnesses than those who don’t drink or drink less coffee, according to a new study.
|COFFEE PRICES COULD BE BOOSTED BY DEFICIT|
Commerzbank reports that coffee prices could be boosted by a deficit that a number of sources are anticipating for 2015/16. Sources predict there could also be a deficit in 2016/17.
|EL NINO EXPECTED TO STRENGTHEN FURTHER|
The World Meteorological Organization says what it describes as "a mature and strong" El Niño event is expected to strengthen further by the end of the year.
|MZB INVESTS IN CLUB COFFEE|
Massimo Zanetti Beverage USA has announced plans to acquire a 25.1 per cent minority equity position in Club Coffee of Toronto, Canada, for US$25.1 million.
|COCOA PRICES RALLY ON COTE D'IVOIRE CONCERNS|
Commerzbank says the front-month futures contract for cocoa traded in London recently rose to its highest level since March 2011.
|COFFEE MARKET RALLIES BRIEFLY BUT TURNS DOWNWARD AGAIN|
The International Coffee Organization (ICO) says that despite a slight jump in coffee prices at the beginning of October, gains were short-lived as global commodity markets turned lower.
|COSTA COFFEE BUILDING NEW ROASTERY|
UK-based Costa has started construction of 'Paradise Street,' a roastery in Basildon in Essex in the UK that is being built at a cost of in excess of £36 million.
|FLOCERT AND UTZ CERTIFIED TO COLLABORATE ON AUDITS|
UTZ Certified and FLOCERT are to collaborate to enable combined UTZ and Fairtrade audits.
|PEET'S ACQUIRES MAJORITY STAKE IN INTELLIGENTSIA|
Peet’s Coffee & Tea and Intelligentsia Coffee have announced an agreement under which Peet’s will acquire a majority stake in Intelligentsia.
|WORLD'S MOST VULNERABLE COFFEE ZONES PINPOINTED|
A study published in the journal PLOS ONE confirms predictions that half of the land currently suitable for Arabica coffee production will no longer be suitable by 2050.
|COFFEE FOUND TO CONTAIN HIGH LEVELS OF MYCOTOXINS|
An analysis of one hundred coffees sold in Spain has confirmed the presence of mycotoxins - toxic metabolites produced by fungi.
|UNITED CACAO SECURES BOND ISSUE AND RAISES EQUITY|
United Cacao Limited, has secured commitments to subscribe for US$6,080,000 of its 7.00 per cent secured convertible bonds, with a maturity date of 30 June 2019.
|C&CI Media Pack 2016 is now available|
Download the C&CI Media Pack now, with advertising rates effective from 1 September 2015.
|COMMISSION SAYS STARBUCKS TAX DEAL WAS ILLEGAL|
The European Commission has found that a tax ruling granted by The Netherlands to Starbucks – which artificially reduced the tax burden of the company – was illegal under EU state aid rules.
|TATA SEES ROBUST GROWTH IN REVENUE AND PROFIT|
Tata Coffee Limited in India has reported an increase of 9 per cent in its revenues for the last quarter compared to same quarter in the previous year.
|SHOWERS LIKELY TO EASE DRYNESS IN BRAZIL|
Rain is expected to return to the coffee belt in east central Brazil this week, reducing concern about the effect of dryness on the crop.
|OLAM COMPLETES ACQUISITION OF ADM COCOA|
Olam International Limited has completed the acquisition of ADM's cocoa business. The acquisition is valued at US$1,204.0 million, subject to the usual purchase price adjustment.
|EL NINO’S IMPACT ON COCOA UNCERTAIN|
Dr Edward George, Head of Group Research at Ecobank, told ICCO delegates that it was not clear that El Nino would definitely have an effect on cocoa.
|ONLINE COMMUNITY PROVIDES MARKETPLACE FOR FARMERS|
algrano has developed what it claims is the first online marketplace for coffee growers and roasters. Using the Algrano website, roasters can buy coffees straight from a farm.
|FDA ISSUES WARNING ON POWDERED CAFFEINE|
The US Food and Drug Administration has taken action to protect consumers against pure, powdered caffeine, amid the agency's wider examination of overall caffeine intake among American consumers.
|ICCO CONFIRMS DECISION TO RELOCATE TO COTE D'IVOIRE|
The International Cocoa Council at the ICCO has approved the relocation of the headquarters of the organization from London to Côte d’Ivoire’s commercial capital, Abidjan.
|NESPRESSO BRINGS SOUTH SUDANESE COFFEE TO MARKET|
Nespresso has announced the launch of the first ever coffee to be exported from South Sudan. It describes Suluja Ti South Sudan as “a rare and unique coffee”.
|PEET'S TO ACQUIRE STUMPTOWN COFFEE ROASTERS|
Peet's Coffee & Tea and Stumptown Coffee Roasters have announced an agreement under which Peet's will acquire ownership of Stumptown from its existing shareholders.
|Search previous news stories using Site Search|