COFFEE BEANS
Coffee prices inch higher in Vietnam amid sluggish trade, low supplies
The price of robusta beans has risen 63% this year, peaking on Tuesday at $4,667 a metric ton on the London-based ICE Futures Europe market.
Delhi's latte-me-pay culture brewing
Delhi's 'brewtherly' pay-it-forward coffee trend, 'Mocha Hood,' includes suspense, fiscal heroism, and caffeinated kindness. Baristas adapt charges subtly, central to this culture. Social etiquette challenges and existential crises accompany growing queues, making each coffee purchase a crucial character statement.
Coffee waste being used as concrete for making pathways, here's what you should know
Being claimed as a 'giant leap for mankind', our everyday morning coffee's manufacturing waste is now being used as an eco-friendly building and construction material. A footpath was built using this 'coffee concrete' recently and now more avenues for its use will keep emerging.
Best coffee beaters (2024): Discovering the top tools for brewing your perfect cup
Discover the best coffee beaters for brewing your perfect cup of coffee enthusiasts through the finest tools to enhance their brewing process. From manual frothers to electric mixers, this comprehensive overview highlights the best equipment to achieve barista-quality coffee at home. Whether a novice or a seasoned brewer, this guide ensures you find the perfect tools to elevate your coffee-making experience.
Global coffee production to rise by 7 million bags in the new crop, says USDA
The USDA said total production of the beans will rise to 176.23 million 60-kg bags from 169.18 million bags previously, mostly due to higher output in top grower Brazil and to a recovery in robusta grower Indonesia.
Cool beans! Cafes are having a field day this summer
National chains such as Third Wave Coffee, Chaayos, AbCoffee, and Boba Bhai have seen a notable increase in foot traffic at their cafes, particularly in northern India, despite the region grappling with record summer temperatures. These cafes are also experiencing increased demand for summer-specific items through delivery services. Also, their appeal as hubs for remote work and meetings is further boosting footfalls.
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Third Wave Coffee will add over 50 stores, expand to new cities: CEO Rajat Luthra
Third Wave Coffee, backed by Westbridge Capital, plans to open 50 new stores in existing markets like Bengaluru, Delhi-NCR, Mumbai, and Hyderabad, with a focus on Chennai, as stated by new CEO Rajat Luthra. The expansion comes as new-age coffee brands such as Blue Tokai, Subko Coffee and AbCoffee have seen a rush of venture capital.
Bluestone’s new investors; states & semicon hubs
Happy Tuesday! New investors are finalising Bluestone’s pre-IPO funding round. This and more in today’s ETtech Morning Dispatch.
Coffee prices slightly down in Vietnam, volatile in Indonesia
Vietnam exported 79,358 metric tons of coffee or 1.32 million 60-kg bags in May, a decrease of 47.8% from the previous month, customs data showed.
Ivory Coast bans some cocoa sales in another threat to market
Ivory Coast takes steps to secure scarce cocoa supplies for local processors, potentially restricting bean exports and tightening the global market.
India's coffee exports rise 12% to $1.28 billion in 2023-24
India's coffee exports increased by 12.22% to USD 1.28 billion in 2023-24 due to higher demand for Robusta coffee in global markets. The country, Asia's third-largest coffee producer, exports Arabica and Robusta varieties. Coffee shipments increased by 13.35% to 1,25,631 tonnes during January-March 2023-24.
World heads for fourth year of shortages for instant coffee beans
Poor rainfall in Vietnam has caused “irreversible damage” to coffee blossoms, while lower fertiliser use and the expansion of durian trees at the expense of coffee acreage have also weighed on production.
Robusta coffee rises most since 2010 on Vietnam rain concerns
Coffee futures rose, with robusta in London rising to the highest levels since the year 2010 amid concerns around supply from Vietnam.
Costa Rica coffee exports rise 18% in April
Known for its high-quality arabica beans, Costa Rica exports more than 85% of its coffee harvest, which is expected to be about 16% smaller than the 2023/2023 season.
Why the world of chocolate is in crisis
For the world’s chocolate makers, the crisis is here. Plants have been forced to shutter from Malaysia to Germany and Chicago.
Cocoa soars above $11,000 a ton as processing pace holds up
Figures released Thursday showed so-called grinds — where cocoa is turned into butter and powder used in confectionery — fell only about 2% in Europe and inched lower in Asia during the first quarter from a year earlier.
Energize Your Day: Explore India's Finest Selection of Green Coffees
Green coffees in India are celebrated for their dual benefits of health and nutrition. Packed with antioxidants and beneficial compounds, they promote overall well-being while offering a refreshing and flavorful beverage option. These coffees are known to boost metabolism, aid in weight management, and support cardiovascular health, making them a popular choice among health-conscious individuals seeking a natural and nutritious beverage alternative.
Cocoa, coffee reach new highs on fear of aging trees
Robusta coffee settled at a new high in London on worries that poorer output in top-producer Vietnam will fuel bean shortages.
Indian coffee growers cheer as robusta production drops globally, prices hit record high
India's robusta coffee prices skyrocket to Rs 10,080 per 50 kg, a historic high. Growers face challenges, but the surge brings relief. Supply-demand dynamics and shifts in production contribute to this windfall, offering hope for the industry.
India's coffee exports rise 13.35 pc to 1.25 lakh tonnes in January-March
India's coffee shipments surged 13.35% to 1,25,631 tonnes in January-March 2024, driven by robust demand for Robusta coffee. Arabica and Robusta are the two varieties grown in India, with Arabica having a smoother taste and Robusta being more bitter. Export of Robusta beans increased by 18%, while Arabica exports declined. Instant coffee exports and re-exports also saw growth. The total coffee export value during this period was Rs 3,644 crore, with major destinations including Italy, Russia, the UAE, Germany, and Turkey.
Neglect brews Nota in coffee land: Araku emerges as highland for choosing ‘no candidate’
Araku Valley, known for its premium coffee, faces deep-rooted discontent among tribal farmers due to neglected basic needs and infrastructure. Despite high Nota votes, the region continues to struggle with improving living conditions and addressing voter dissatisfaction.
Oh dear! The bill for your dinner date just went up. Blame it on pricey cocoa, coffee, palm oil & sugar
The cost of dining out and ordering in restaurants is rising, with bills potentially rising 5-8% starting this month. This is the first increase in about 1.5 years, as prices of cocoa, coffee, palm oil, and sugar have surged over the past quarter. Cocoa prices have reached a record, reaching over $10,000 per tonne, following disappointing harvests in key producing countries such as Ghana and Ivory Coast. Cocoa prices have doubled in the January-March quarter from the preceding one, and cocoa butter has risen over 150% in just one year.
'Winners and losers': The world of coffee is being reordered by EU laws to stop cutting of forests
Vietnam can't afford to lose — Europe is the largest market for its coffee, comprising 40% of its coffee exports. Six weeks after the EUDR was approved, Vietnam's agriculture ministry started working to prepare coffee growing provinces for the shift. It has since rolled out a national plan that includes a database of where crops are grown and mechanisms to make this information traceable.
Specialty coffee chain AbCoffee raises $3.4 million funding led by Nexus Venture Partners
Mumbai-based AbCoffee has raised $3.4 million funding led by Nexus Venture Partners to accelerate supply chain and technology stack for affordable specialty coffee through retail outlets.
Best Coffee Powder: Discover a symphony of flavour and aroma with every sip
Discover the pinnacle of coffee excellence with this curated selection of the best coffee powder. Handpicked from the world's finest coffee farms, our collection offers a symphony of flavours and aromas to elevate your coffee experience. From rich Arabica to bold Robusta, each cup promises unparalleled quality and satisfaction. Immerse yourself in the world of the best coffee, where every sip is a journey of indulgence and delight.
Bitter Coffee Prices: A worldwide bean shortage is making coffee lovers sweat espresso bullets
A shortage of coffee beans around the world, in particular due to weather problems in India and lack of supply from Brazil and Vietnam, has led to domestic market prices rising steeply. A well-known coffee trader in Pune, Gandhi's Coffee, said he had to pass on a Rs50/kg price hike to customers.
The Alchemy of Coffee: How the same bean transforms into diverse flavours
Coffee, one of the world's most beloved beverages, has a fascinating journey from bean to brew. The art and science behind coffee production involve a meticulous process that spans continents and involves various stages. From its origins as a humble coffee cherry on lush coffee plantations to the aroma-filled cup we savour, understanding the intricacies of coffee's journey enhances our appreciation for this beloved drink.
Bean everywhere: Cafes offering specialty coffee are riding the new wave
The exact definition of specialty coffee is somewhat elusive. Consultant, educator and Q processor Binny Varghese says there isn’t one and that when experts talk about specialty coffee, they mean coffee for which a professional coffee taster, called a Q Grader (akin to a wine sommelier), has given at least 80 points out of 100.
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