Coffe News - 12 Sep 2024

Brasil - Coffee Prices Surge 35% In Four Months, Forecasts Further Rise
Brasil - Specialty Coffee Production Gains International Market Attention
Brazil - Porto De São Sebastião Resumes Coffee Exports After 60 Years
Brazil - Coffee Harvests Delayed Until 2027 Amid Armed Group Incidents
Brazil - Brazil Exports 31.8 Million Coffee Bags, Earns R$ 41 Billion
Brazil - Coffee Prices Rise: Arabica Up 275 Points, Robusta Up $69
Brazil - Average Coffee Price Increases By 16% According To Procon
Brazil - Brazil Expected To Boost Global Coffee Production Growth
Brazil - Osvaldo Cruz Hosts 6Th Arabica Coffee Contest On September 27
Brazil - Robusta Coffee Price Up 0.65% To R$ 1,493.70
Brazil - Producers Register By October 1 For Coffee Event 2024
Brazil - Brazil'S 2024 Coffee Production Estimated At 59.7 Million Sacks
Brazil - Coffee Exporters Urge Eu Commission To Address False Deforestation Alerts
Brazil - Cerrado Mineiro Award Sets Record With 547 Coffee Samples
Brazil - Coffee Prices Rise 1.11% Amid Brazil'S Drought Conditions
Brazil - Brazil Exports 3.7 Million Coffee Sacks In August 2024
Brazil - Brazil Coffee Production Forecast Reduced To 59.7 Million Sacks
Brazil - Producers Can Register For 22Nd Coffee Quality Contest Until September 30
Brazil - Eu Regulations Could Raise Chocolate Prices By 60-70%
Brésil - Wildfires Destroy 100 Hectares, Threaten 2025 Coffee Production
Cuba - Granma Coffee Harvest Expected At 703.8 Tons For 2024-2025
Honduras - Honduras To Host International Coffee Council In September 2025
Mexico - Nescafé Plan Trains 46 Youth In Sustainable Coffee Farming
Mexico - Veracruz Coffee Event Inaugurated With 220 Producers On September 12
Peru - Cusco Producers Sell Coffee Over S/ 10,000 Per Quintal
USA - Red Bay Coffee Chain Declares Bankruptcy, Closes All Branches
USA - Coffee Futures Rise: Arabica Up 210 Points, Robusta $65
USA - Starbucks Gains $21 Billion Market Value Under New Ceo Niccol
United States - Red Bay Coffee Files For Chapter 11 With $3.3 Million Debt
United States - 98% Of Quick-Service Operators Face Higher Labor Costs
United States - Keurig Fined $1.5 Million Over Misleading Recycling Claims
United States - Cocoa Falls 2.8% To $7,511; Robusta Coffee Rises
United States - Prevail Coffee Opens Atlanta Bar Summer 2023, Angelino’S Spends $300K
Venezuela - Venezuelan Coffee Imports Reach $944,000 This Year

China - Yunnan Launches China'S First Coffee Major And Classes
India - Barista Coffee Opens 450Th Cafe, Expands To Sri Lanka, Maldives
India - Jacob Mammen: Building Trust To Enhance Indian Coffee Quality
Indonesia - Minister Applauds Ui, Bank Ntt For Kopi Tuang Development
Indonesia - Sigi Community Trains For Coffee Management September 11-13, 2024
Indonesia - Indonesia Aims To Boost Plantation Commodity Exports By 2024
Indonesia - Buleleng Coffee Production Hits 5,255 Tons, Banyuatis Grows
Indonesia - Bupati Heri Inspects Food Prices; Coffee Rises To Rp 65,000
Indonesia - Baznas Supports 30 Kg Coffee Harvest, Boosts Bondowoso Smes
Indonesia - Javeast Coffee Showcases Unique East Java Coffees, Sept 6-8
Japan - Historic High Prices: Rice Hits ¥28,050, Coffee, Cocoa Surge
Malaysia - Zus Coffee Launches 'Made In Malaysia' Campaign Supporting Local Farmers
Thailand - Starbucks Opens Third Community Store, Donates 10 Baht Per Cup

EU - Shared Roasting Spaces Rise As Arabica Hits Two-Year High
EU - Eu Deforestation Regulation Effective December 30, 2024; Coffee Prices Rise
Italy - Coffee Industry Faces Climate Change Challenges Amid 1°C Impact
Russia - Investor Invests 60 Million Rubles In Coffee Capsule Production

World - Coffee Market Projected To Reach Usd 127 Billion By 2031
World - Coffee Prices Rise Amid Black Coffee Market'S $203.1 Billion Projection

Tanzania - Kilimanjaro Urges 7% Local Coffee Consumption Ahead Of Festival
Uganda - Robusta Futures Up 65% As Coffee Prices Hit 70-Year High

Brasil - Coffee Prices Surge 35% In Four Months, Forecasts Further Rise
Coffee prices have surged 35% over the past four months, reaching an average of R$ 39.63 per kilogram in August. Predictions indicate a further increase of 10% to 15% within the next 40 to 60 days, driven by adverse weather conditions impacting production. Prices are expected to remain high until at least April 2025, influenced by climate and market dynamics.(Terra Brasil Notícias)

Brasil - Specialty Coffee Production Gains International Market Attention
Specialty coffee production is gaining international market attention.(Band Jornalismo)

Brazil - Porto De São Sebastião Resumes Coffee Exports After 60 Years
Porto de São Sebastião has resumed coffee exports after 60 years, shipping over 8,000 tons of green coffee to Germany on September 9. This significant milestone enhances logistics for Brazil, the largest coffee exporter, which is expected to produce over 66 million sacks in the 2023/2024 harvest. The port also handles other exports like sugar and vehicles.(Costa Norte | Jornal Impresso Brasil | SP Rio +)

Brazil - Coffee Harvests Delayed Until 2027 Amid Armed Group Incidents
Wildfires in São Paulo's coffee regions, particularly Franca, will delay harvests until 2027, according to agronomist Lucas Ubiali. Many farmers, lacking fire insurance, face financial losses and need for further investments. Additionally, armed groups in Manhuaçu have invaded properties, taking hostages and stealing coffee sacks, exacerbating security issues for local farmers and the coffee supply chain.(Portal GCN | G1)

Brazil - Brazil Exports 31.8 Million Coffee Bags, Earns R$ 41 Billion
Brazil exported 31.8 million bags of coffee in 2024, generating revenue of R$ 41 billion.(SOU AGRO | Voz MT | MT PLAY)

Brazil - Coffee Prices Rise: Arabica Up 275 Points, Robusta Up $69
Coffee prices remained moderately high on Thursday, October 12, due to concerns about excessive drought in Brazil. Arabica rose by 275 points to 249.40 cents/lb for December 2024, while robusta increased by $69 to $5,077/ton for November 2024. Brazilian coffee production is estimated at 59.7 million bags, a 1.6% decrease from the previous month but a 4.8% increase from 2023.(Notícias Agrícolas)

Brazil - Average Coffee Price Increases By 16% According To Procon
The average price of coffee has increased by 16%, according to research conducted by Procon.(JM Online)

Brazil - Brazil Expected To Boost Global Coffee Production Growth
Brazil is expected to contribute to the increase in global coffee production.(Band Jornalismo)

Brazil - Osvaldo Cruz Hosts 6Th Arabica Coffee Contest On September 27
The 6th edition of the Arabica Coffee Quality Contest, promoted by Sebrae-SP and APRUP, will take place on September 27, 2024, in Osvaldo Cruz, from 7 AM to 3 PM. Registration is open until September 18. The event aims to enhance local coffee quality and sustainability practices, involving all 30 municipalities in the Nova Alta Paulista region.(Siga Mais)

Brazil - Robusta Coffee Price Up 0.65% To R$ 1,493.70
On September 12, 2024, the price of robusta coffee increased by 0.65%, reaching R$ 1,493.70 per 60-kilogram sack. In contrast, arabica coffee saw a slight rise of 0.10%, priced at R$ 1,413.70. Additionally, a 50-kilogram sack of sugar costs R$ 140.00 in São Paulo, while corn is priced at R$ 63.40 in Campinas.(Tudo Rondônia)

Brazil - Producers Register By October 1 For Coffee Event 2024
Producers can register until October 1, while buyers have until November 15 to participate in the 3rd Cupping & Business of Differentiated Coffees, organized by CNA. The event will take place from November 20 to 22, 2024, in Belo Horizonte, Brazil, during the International Coffee Week, aimed at enhancing visibility and commercial connections for coffee producers.(Revista Attalea Agronegócios)

Brazil - Brazil'S 2024 Coffee Production Estimated At 59.7 Million Sacks
Brazil's coffee production for 2024 is estimated at 59.7 million 60-kg sacks, a 1.6% decrease from last month due to drought effects, but a 4.8% increase from 2023. Arabica production is projected at 42 million sacks (up 6.5% year-on-year), while robusta is estimated at 17.7 million sacks (down 4.4% month-on-month).(Investing.com Brasil | Notícias Agrícolas | Economia em Pauta)

Brazil - Coffee Exporters Urge Eu Commission To Address False Deforestation Alerts
Coffee exporters urge the European Commission to be cautious of false deforestation alerts. The Cecafé director-general noted high concern regarding the EUDR, but emphasized Brazil's unique legal framework. He explained that while Brazil faces challenges, Europeans view it as advanced and in a completely different situation compared to other countries.(Revista Globo Rural)

Brazil - Cerrado Mineiro Award Sets Record With 547 Coffee Samples
The 12th Prêmio Região do Cerrado Mineiro set a record with 547 coffee sample entries, surpassing last year's 500. Categories included 278 Natural, 78 Cherry Pulped, and 191 Induced Fermentation. Winners will receive R$ 5,500 (1st), R$ 3,300 (2nd), and R$ 2,200 (3rd). The awards ceremony is on November 13 in Uberlândia.(Amauri Jr News)

Brazil - Coffee Prices Rise 1.11% Amid Brazil'S Drought Conditions
Coffee prices are rising, with the market responding to Brazil's ongoing drought and low humidity. As of 9 AM Brasília time, December 2024 Arabica gained 250 points to 249.15 cents/lbp, while Robusta increased by $68 to $5,076/ton. Reports indicate significant crop losses in key coffee-producing regions due to the lack of rain.(Notícias Agrícolas)

Brazil - Brazil Exports 3.7 Million Coffee Sacks In August 2024
Brazil exported 3.733 million 60kg sacks of coffee in August 2024, generating $955.6 million. Year-to-date exports reached a record 31.892 million sacks, up 39.2% from the previous year. Revenue also hit a record $7.237 billion. The U.S. remains the largest importer, with 5.066 million sacks, while Vietnam's imports surged 514.2%.(Conexão Safra)

Brazil - Brazil Coffee Production Forecast Reduced To 59.7 Million Sacks
Brazil's coffee production is estimated at 59.7 million 60-kg sacks, a 1.6% decrease from the previous month, according to IBGE. However, it marks a 4.8% increase compared to 2023. Arabica production is projected at 42 million sacks, a 0.4% decline monthly but a 6.5% rise annually. Canefora production is estimated at 17.7 million sacks, down 4.4% monthly.(Forbes Brasil)

Brazil - Producers Can Register For 22Nd Coffee Quality Contest Until September 30
Producers in Paraná can register for the 22nd "Concurso Café Qualidade" until September 30 at IDR-Paraná units or rural unions. The awards ceremony will take place for the first time in Curitiba, at the Municipal Market, on November 12. The event is organized by the Coffee Sector Chamber of Paraná, with support from various agricultural organizations.(AERP - Associação das Emissoras de Radiodifusão do Paraná)

Brazil - Eu Regulations Could Raise Chocolate Prices By 60-70%
New EU regulations, effective December 30, 2023, will block imports from deforested or degraded lands, impacting products like cocoa, palm oil, and wood. Brazil is classified as "high risk," potentially leading to export declines by 2025. Experts warn of possible shortages and price increases, with chocolate prices already rising 60-70% due to various global factors.(ZAP Notícias)

Brésil - Wildfires Destroy 100 Hectares, Threaten 2025 Coffee Production
Recent wildfires in São Paulo and Minas Gerais have severely damaged coffee plantations, exacerbated by a historic drought. An estimated 100 hectares have been destroyed, leading to a potential 10-25% drop in production for the 2025 harvest. The situation threatens global coffee supply, with new plants not yielding until 2027, prompting speculation among traders.(Faut qu'on en parle !)

Cuba - Granma Coffee Harvest Expected At 703.8 Tons For 2024-2025
In Granma, the coffee harvest for 2024-2025 is expected to yield approximately 703.8 tons, with 475.4 tons of robusta and 228.4 tons of arabica. Agroforestry companies Batalla de Guisa and Ataque a Bueycito project increases of 17% and 4%, respectively. The region cultivates over 9,000 hectares, with 74% of production in the cooperative and peasant sectors.(La Demajagua)

Honduras - Honduras To Host International Coffee Council In September 2025
Honduras will host the International Coffee Council meeting in September 2025, a historic first for the country. The decision was unanimously approved by the 75 member countries of the International Coffee Organization. This event aims to enhance Honduras's global coffee presence and promote its quality coffee production, highlighting its growing leadership in the international coffee industry.(hch.tv | tnh.gob.hn)

Mexico - Nescafé Plan Trains 46 Youth In Sustainable Coffee Farming
Nestlé México, led by Fausto Costa, promotes sustainable coffee farming in Veracruz through its "Plan Nescafé." Recently, 46 youth were trained in regenerative agriculture and coffee market practices. Over 20,000 producers are part of the initiative, which has provided 110,000 trainings. The program also operates in Chiapas, Guerrero, Oaxaca, and Puebla, aiming for 100% sustainable coffee sourcing by 2025.(MVS Noticias)

Mexico - Veracruz Coffee Event Inaugurated With 220 Producers On September 12
The "Jornada de Fomento al Consumo de Café de Veracruz" was inaugurated in Tuxpan on September 12, 2024, featuring 220 local producers from 10 regions. The event promotes high-quality coffee, supports direct sales, and aims to enhance local consumption. Various festivals and exhibitions will continue throughout the year to educate the public about sustainable practices.(Forotuxpan | Diario Gráfico | Tuxpan Veracruz | Diario de Tuxpan | MÁSNOTICIAS)

Peru - Cusco Producers Sell Coffee Over S/ 10,000 Per Quintal
The "Third Special Coffee Auction - Coffee Fest 2024" in Yanatile, Cusco, generated over S/ 53,000 from 17 microlots. The top lot, produced by Gary Marcavillaca, a Geisha variety, fetched S/ 10,000 per quintal, setting a record. The event highlighted the quality of local coffee and connected producers with national and international buyers, enhancing the coffee production chain.(Agraria.pe)

USA - Red Bay Coffee Chain Declares Bankruptcy, Closes All Branches
The US coffee chain Red Bay has declared bankruptcy due to record coffee prices and rising costs, announcing the closure of its global branches. The company, burdened with over $3.3 million in debt, reported net losses exceeding $850,000 from January to July. CEO Keba Konte cited ongoing COVID-19 impacts and high legal costs as significant stressors.(Şehrivan Haber)

USA - Coffee Futures Rise: Arabica Up 210 Points, Robusta $65
Coffee futures advanced on Thursday, October 12, with Arabica prices rising in New York. The December contract increased by 210 points to 248.75 cents/lb, while March/25 rose by 170 points to 246.15 cents/lb, and May/25 by 160 points to 243.75 cents/lb. Robusta prices also climbed, with November/24 up $65 to $5,073/ton.(Notícias Agrícolas)

USA - Starbucks Gains $21 Billion Market Value Under New Ceo Niccol
Brian Niccol, the new CEO of Starbucks, aims to return the brand to its roots by simplifying the menu and enhancing customer experience. Following his departure from Chipotle, Starbucks gained $21 billion in market value, while Chipotle lost $5.7 billion. Niccol plans to focus on early morning service, barista training, and marketing, particularly in the U.S., China, and the Middle East.(Capital)

United States - Red Bay Coffee Files For Chapter 11 With $3.3 Million Debt
Red Bay Coffee, a well-known U.S. coffee brand, filed for Chapter 11 bankruptcy due to rising costs and financial difficulties, with total assets valued at $251,000 against debts exceeding $3.3 million. CEO Keba Konte reported a net loss of over $850,000 from January to July 2024, citing COVID-19's impact and ongoing lawsuits as significant challenges.(Ege'de Son Söz)

United States - 98% Of Quick-Service Operators Face Higher Labor Costs
In the quick-service restaurant sector, 98% of operators face higher labor costs, and 97% report increased food costs. Coffee consumption is rising, with 67% of Americans drinking coffee daily. Automation in coffee equipment enhances efficiency, accuracy, and customer satisfaction. Technologies like automated inventory and ordering systems are crucial for operators to manage financial pressures and improve service experiences.(Nation's Restaurant News)

United States - Keurig Fined $1.5 Million Over Misleading Recycling Claims
The SEC has fined Keurig Dr Pepper Inc. $1.5 million for misleading claims about the recyclability of its coffee pods. Despite stating in 2019 and 2020 that the pods were recyclable, Keurig did not disclose concerns from recycling companies. Additionally, the company faces allegations of making false recyclability claims, leading to potential legal challenges.(ESG Today | The Hill)

United States - Cocoa Falls 2.8% To $7,511; Robusta Coffee Rises
New York cocoa futures dropped 2.8% to $7,511/metric ton, reversing a previous 6% gain, amid a 50-year low in global cocoa stocks and weakening demand. Conversely, robusta coffee increased 1% to $5,056/metric ton due to tight supply, while raw sugar rose 1.7% to 19.05 cents/lb.(XM | Revista Globo Rural)

United States - Prevail Coffee Opens Atlanta Bar Summer 2023, Angelino’S Spends $300K
Prevail Coffee opened a new café in Atlanta, GA, in early summer 2023, featuring a spacious design with large glass walls and a patio. The café promotes eco-friendly practices and uses advanced equipment like the La Marzocco KB90. Meanwhile, Angelino’s Coffee from California spent over $300,000 acquiring 11 top-scoring coffees from the 2024 Cup of Excellence, including a record $445 per pound for Ethiopian coffee.(Sprudge | Daily Coffee News)

Venezuela - Venezuelan Coffee Imports Reach $944,000 This Year
Venezuelan coffee is gaining global interest, particularly in the U.S., which has imported $944,000 worth this year, according to the U.S. Department of Agriculture. The coffee's quality and distinct flavors have attracted attention from tasters, with strong demand also noted in Europe and Asia, especially from Turkey and Japan.(Notitarde)

China - Yunnan Launches China'S First Coffee Major And Classes
Yunnan Agricultural University has launched China's first coffee major, enhancing the country's coffee industry by addressing the growing demand for coffee education. The program aims to equip students with skills in coffee science, cultivation, and business management, reflecting China's increasing interest in coffee production and aligning with global market trends.(อาร์วายที9 | people.com.cn | สำนักข่าวอินโฟเควสท์)

India - Barista Coffee Opens 450Th Cafe, Expands To Sri Lanka, Maldives
Barista Coffee has opened its 450th cafe in Kandaghat, Himachal Pradesh, marking a significant milestone in just six months. The company is also expanding into Sri Lanka and the Maldives, with plans to reach tier 2 and tier 3 cities, aiming to enhance the coffee experience while maintaining quality and innovation.(The Financial Express)

India - Jacob Mammen: Building Trust To Enhance Indian Coffee Quality
Badra Estates MD Jacob Mammen discusses the evolution of Indian coffee and emphasizes the importance of building strong relationships with buyers. He highlights the need for transparency and trust in the industry, aiming to enhance the overall quality and marketability of Indian coffee.(The Week)

Indonesia - Minister Applauds Ui, Bank Ntt For Kopi Tuang Development
The article highlights the appreciation from the Minister of Tourism and Creative Economy for the University of Indonesia and Bank NTT's efforts in developing Kopi Tuang. This initiative aims to enhance the coffee's quality and promote its unique characteristics, contributing to the local economy and tourism sector.(Depok Pos)

Indonesia - Sigi Community Trains For Coffee Management September 11-13, 2024
Training in coffee management in Sigi aims to enhance local skills and improve coffee production, contributing to better livelihoods. A course from January 11-13, 2024, and another from September 11-13, 2024, will equip participants with skills to optimize coffee management, fostering innovation and economic growth in the region.(Borneonews | Tribun Palu | ANTARA Sulawesi Tengah | Media Alkhairaat Online)

Indonesia - Indonesia Aims To Boost Plantation Commodity Exports By 2024
Indonesia aims to boost plantation commodity exports, especially palm oil, cocoa, coffee, and spices, by 2024, as stated by Deputy Minister Sudaryono. He emphasized enhancing global market presence and improving farmer livelihoods through increased agricultural exports, following recent visits to Europe to strengthen cooperation and address export challenges.(Kompas.com | Borneonews)

Indonesia - Buleleng Coffee Production Hits 5,255 Tons, Banyuatis Grows
Buleleng, Bali, produced 5,255 tons of robusta coffee in 2023, surpassing Tabanan's 5,708 tons in 2022. The region dedicates 10,000 hectares to coffee cultivation, including 1,107 tons of arabica. Kopi Banyuatis, established in 1975, has a capacity of 150 tons and has seen sales rebound post-COVID-19, supported by BNI for market expansion.(Innalar | JawaPos | detikFinance | DutaIndonesia.com | Peluang Usaha Kontan)

Indonesia - Bupati Heri Inspects Food Prices; Coffee Rises To Rp 65,000
On September 12, 2024, H. Heri Wahyudi Marpaung inspected stable staple food prices in Kebun Kopi Market: rice at Rp14,000/kg, eggs at Rp48,000/board, red chili at Rp27,000/kg, and cutting chicken at Rp24,000/kg. In Lahat, highland coffee harvesting continues with prices rising to Rp65,000/kg, expected to stabilize between Rp60,000 and Rp70,000/kg.(Metro Rakyat News | Tribun Sumsel)

Indonesia - Baznas Supports 30 Kg Coffee Harvest, Boosts Bondowoso Smes
BAZNAS RI supports coffee farmers in Garut, with Unus harvesting 30 kg of cherries valued at Rp300,000. New coffee flowers indicate future yields. Meanwhile, Bondowoso SMEs are encouraged to engage in coffee downstreaming, fostering agricultural-based business models to boost local production and economic growth.(BAZNAS | rri.co.id)

Indonesia - Javeast Coffee Showcases Unique East Java Coffees, Sept 6-8
Javeast Coffee was promoted at the Jogjakarta Coffee Week from September 6-8, 2024, by the East Java Cooperative and MSME Office. The event showcased unique coffees from regions like Jember and Malang, featuring workshops and competitions. This initiative aims to enhance recognition and competitiveness of East Java's coffee, strengthening its market position both nationally and internationally.(Ketik - Media Kolaborasi Indonesia | Nusantarapos.co.id)

Japan - Historic High Prices: Rice Hits ¥28,050, Coffee, Cocoa Surge
Abnormal weather has caused a historic rice shortage in Japan, leading to the lowest stock levels ever and skyrocketing prices. As of August 30, the price for Niigata Koshihikari rice reached approximately ¥28,050 per 60 kg, doubling year-on-year. Global shortages in orange juice, cocoa, and coffee also resulted in record-high international prices, forcing companies to raise prices or halt sales.(日経ビジネスオンライン)

Malaysia - Zus Coffee Launches 'Made In Malaysia' Campaign Supporting Local Farmers
ZUS Coffee launches its 'Made in Malaysia' campaign, emphasizing local roots and community engagement. The initiative highlights the brand's commitment to supporting Malaysian farmers and producers. This campaign is part of ZUS Coffee's broader strategy to enhance its local identity and foster a sense of pride among consumers.(MARKETECH APAC)

Thailand - Starbucks Opens Third Community Store, Donates 10 Baht Per Cup
Starbucks opened its third Community Store in Mae Rim, Thailand, at The Kad Farang, contributing 10 baht from every cup sold to the ITDF Foundation. This initiative supports sustainable coffee farming communities and aims to strengthen local coffee growers while enhancing community engagement.(Brand Buffet | นิตยสารผู้จัดการ)

EU - Shared Roasting Spaces Rise As Arabica Hits Two-Year High
Many coffee professionals aspire to open their own roasteries but face barriers such as supply chain issues and high equipment costs. Shared roasting spaces, where individuals pay hourly, offer a more accessible entry into the market. With Arabica prices hitting a two-year high and Robusta at a 45-year peak, shared roasting is increasingly popular, especially in Europe.(PDG Espanol)

EU - Eu Deforestation Regulation Effective December 30, 2024; Coffee Prices Rise
The EU Deforestation Regulation (EUDR) takes effect on December 30, 2024, requiring companies to prove products do not contribute to deforestation, affecting commodities like coffee, cocoa, and soy. The USDA remains neutral on soybeans, while coffee prices rise amid these EU restrictions. Rain is anticipated to aid upcoming planting activities.(Wiadomości Handlowe | Notícias Agrícolas)

Italy - Coffee Industry Faces Climate Change Challenges Amid 1°C Impact
The coffee industry faces significant challenges due to climate change, as highlighted by Paoletti at the Triestespresso event. Additionally, a conference on September 13 in Livorno will address climate change's agricultural impacts, featuring discussions by Professors Nannipieri and Caprai on historical climate fluctuations and the importance of limiting global warming to 1.5-2°C by century's end.(FVG Cafe | Toscana News)

Russia - Investor Invests 60 Million Rubles In Coffee Capsule Production
An investor has invested over 60 million rubles in a coffee capsule production facility in Petrozavodsk, which now produces 500,000 capsules monthly and grinds up to 300 kg of coffee daily. The total investment will reach 65 million rubles, aimed at improving quality control and reducing production costs. The project has created 16 jobs.(CoffeeTea.Ru)

World - Coffee Market Projected To Reach Usd 127 Billion By 2031
The global coffee grinder market is projected to grow through 2030, driven by production techniques and consumption patterns. The coffee capsule market is expected to increase by 7.6% from 2024 to 2030, reflecting a demand for single-serve options. Additionally, the coffee market is set to reach USD 127 billion by 2031, influenced by major players.(Blogsasuna.com | WhaTech Technology and Markets News | WhaTech | EIN News | Radio VIAL)

World - Coffee Prices Rise Amid Black Coffee Market'S $203.1 Billion Projection
Coffee prices have risen due to global weather concerns impacting supply, raising trader anxiety. Simultaneously, the black coffee market is set to grow from $74.1 billion in 2023 to $203.1 billion by 2033, with a CAGR of 10.7%. Key drivers include consumer interest in specialty coffee and urbanization, with instant coffee leading in popularity.(Nasdaq | Yahoo Finance | GlobeNewswire)

Tanzania - Kilimanjaro Urges 7% Local Coffee Consumption Ahead Of Festival
Kilimanjaro Regional Commissioner Nurdin Babu urged coffee stakeholders to promote local consumption ahead of the Coffee Festival on October 4, 2024. Currently, over 93% of Tanzania's coffee is exported, with only 7% consumed locally. Babu emphasized the need to educate citizens on coffee's health benefits and enhance domestic market strength through collaboration among stakeholders.(The Citizen)

Uganda - Robusta Futures Up 65% As Coffee Prices Hit 70-Year High
Robusta bean futures have surged 65% this year, reaching 7,000 shillings (US$1.89) per kilogram, driven by supply shortages and adverse weather. Farmers in Uganda are hiring security to combat theft as prices hit a 70-year high. This situation poses risks to Uganda's goal of producing 20 million bags of coffee by 2030.(Straight Arrow News | Agronegocios)