Global Coffee Report

Image: Adobe Firefly/stock.adobe.comThe International Coffee Organization details how China has the potential to have a bright and formative future in coffee. It explains where growth opportunities lie, and why it’s time for the lingering superpower to enter coffee diplomacy and become more firmly integrated in the coffee value chain. China is often described as the land of
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Image: Roasting Plant Coffee Coffee retailer Roasting Plant Coffee has announced the completion of its £7.9 million ($10m) funding round. According to the company, 40 per cent of the financing came from existing stakeholders, while the remaining 60 per cent of the funds was secured from family offices. “We are thrilled to have secured this significant investment which will
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Image: JDE Peet’sGlobal beverage brand JDE Peet’s has released its half-year results for 2024. According to the report, the company’s total sales increased by 5.6 per cent to €4,210 million. This excluded a 1.8 per cent decrease effect which, according to the brand, was related to foreign exchange. Following the results, sales increased by 3.6 per cent on an
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Image: lenscap50 / Adobe StockGlobal coffee chain Starbucks has published its Q3 fiscal results for 2024. According to the latest release from the company, its combined net revenues amounted to $9.1 billion, which was down 1 per cent, but up 1 per cent in constant currency. In comparison to Q2, net revenue was up 6 per cent. GAAP earnings
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Image: VolcafeGreen coffee merchant Volcafe has appointed Raphaelle Peinado as its Sustainability Director effective 1 September 2024. As part of the role, Peinado will lead and implement the expansion of Volcafe’s strategic global sustainability initiatives to further develop and maintain the company’s green partnerships. She will also work in conjunction with Volcafe’s parent company, ED&F Man
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Image: Costa CoffeeGlobal coffee chain Costa Coffee has announced its investment to send 130 of its team members to the Olympic Games 2024 in Paris. The announcement comes as part of the brand’s partnership with the Olympic Games and aims to give its team members the opportunity to work at the sporting event, bringing Costa Coffee to
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Image: l_martinez / Adobe StockItalian coffee company illycaffè has published its half-year results for 2024. According the company, its combined revenues amounted to a total of €289.1 million. In comparison to the first half of 2023, this was up by 3.8 per cent at constant exchange rates. Following the results, this figure was driven by major markets and distribution
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Image: Freer/ Adobe Stock.Chinese coffee chain Luckin Coffee has announced the opening of a new outlet in Beijing, officially bringing its total number of stores to 20,000. The company launched the new store following the opening of its 10,000th outlet last year, and the inauguration of its 570,000 square foot roasting facility in Jiangsu in April 2024. “Luckin
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Image: World Coffee ResearchWorld Coffee Research on the lack of seed traceability, the importance of building infrastructure, and the need to secure a formal coffee seed sector where solutions are tailored to each local market. Climate change is one obstacle, harvest migration is another, but the disparity of a formal coffee seed sector is an invisible problem that’s
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