MILAN – Coffee prices, particularly for Robustas, have reached unprecedented levels in recent weeks, with the 10-T contract in London hitting record highs. While higher coffee prices may seem beneficial for coffee farmers, the reality is often very different. In fact, the sudden surges and drops in coffee prices can cause significant strain and hardship for farmer organisations, says Fairtrade Foundation in in the statement you can read below. In recent weeks, the global coffee market has witnessed a significant surge in prices, prompting concerns over the impact this will have on stakeholders ..read more

TORONTO, Canada – Restaurants Canada welcomed hospitality and foodservice professionals back to its annual RC Show, held over 3 action-packed days at Toronto’s Enercare Centre. From April 8-10, Canada’s leading hospitality and foodservice event inspired the industry for the year ahead with an “amazing showcase of cutting-edge innovation, trends, leading expertise, and insightful solutions”. The expanded show floor featured 11 curated pavilions, including newly added Indigenous and Black Experience pavilions, 9 thrilling competitions, featuring a new Fried Chicken Sandwich competition and expan ..read more

MONTREAL, Canada – Nespresso Canada continues to use coffee as a force for good with the roll-out of its RELOVE program in Canada. Marking yet another step forward in the company’s commitment to sustainable development, this program will enable coffee lovers across the country to give a second life to selected Nespresso coffee machines and to purchase refurbished machines without having to compromise on quality. In fact, in addition to offering a more sustainable option, the machines that are part of the RELOVE program meet the same quality standards as any other Nespresso products and feature ..read more

HERSHEY, PA, USA – For the second year in a row, The Hershey Company has been recognized among the World’s Most Ethical Companies as rated by Ethisphere, a global leader in advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. This year, The Hershey Company joins a distinguished list of 136 companies that have earned the coveted designation of the World’s Most Ethical Companies in 2024. This year’s honorees span 20 countries and 44 industries. The World’s Most Ethical Companies historically outperform their peers and compet ..read more

ECULLY, France— Groupe SEB reported on Thursday 25, 2024, its first-quarter 2024 sales and financial data. In the first quarter of 2024, the Group generated sales of €1,893m, up 7.3% LFL and 3.9% on a reported basis. The first three months saw continued currency headwinds with a negative effect of -€75m, or -4% of sales. However, in the months ahead, this trend is expected to ease. The scope effect was a positive 0.7%, or €13m. The latter includes the integration of La San Marco, Pacojet and Forge Adour. Stanislas de Gramont, Chief Executive Officer of Groupe SEB, stated: “2024 started as we e ..read more

BURLINGTON, Mass. and FRISCO, Texas, USA – Keurig Dr Pepper Inc. yesterday reported results for the first quarter of 2024, reaffirmed its full year guidance, and announced the completion of its CEO succession process. Net sales for the first quarter increased 3.4% to $3.5 billion. On a constant currency basis, net sales advanced 2.8%, driven by net price realization of 3.1%, partly offset by lower volume/mix of 0.3%. GAAP operating income increased 31.0% to $765 million. The growth was driven by strong operating momentum, aided by a favorable year-over-year impact of items affecting comparabil ..read more

MILAN – The upward trend in coffee futures continued Thursday, with July ICE robusta coffee gaining an additional $38 in yesterday’s session, closing at a new all-time high of $4,304. The challenging situation in Vietnam and other Asian producing countries led to further strong gains over the past two days. Arabica futures also experienced a significant increase, with New York rising by 625 points over the past two sessions, closing at 228.10 cents on Thursday. Ice Arabica certified coffee stocks were seen to increase by 8,820 bags yesterday, to register these stocks at 661,492 bags, with 99.7 ..read more

KUNSHAN, Jiangsu, China – Luckin Coffee (Jiangsu) Roasting Plant announced that it officially commenced operations in Kunshan, Suzhou City of Jiangsu Province. With a total planned investment of $120 million and an annual roasting capacity of 30,000 tons, it is the largest coffee roasting plant in China to date. Leveraging advantages in intelligent manufacturing and automation, this new Luckin plant deepens its vertical integration of the coffee supply chain, thereby empowering Chinese coffee industry upgrades with new technology-driven productivity and leading a new trend of high-quality sust ..read more

LONDON, UK – Costa Coffee is thrilled to announce Joanne Osborne from Costa Coffee’s store in Tesco, Evesham, as the winner of the prestigious Barista of the Year competition for the UK and Ireland. Joanne, age 29, has worked at Costa Coffee for over two years, and fought off hundreds of baristas from across the country over three stages to be crowned the winner at the Titanic Hotel in Liverpool. Competing against ten other UK&I finalists across two days of intense competition, the baristas took part in a variety of challenges which put their expertise to the test. They were tasked with cr ..read more

VEVEY, Switzerland – Today Nestlé is announcing the launch of Nespresso in India. With the aim of growing the premium coffee category in the country, Nestlé will offer Nespresso coffees through e-commerce channels. It will open the first Nespresso boutique in Delhi and then expand to other key cities in India. Nespresso coffees and systems will be available in both original and professional formats by the end of 2024 to cater to in- and out-of-home consumers. Guillaume Le Cunff, CEO of Nespresso, said, “I am delighted that we are introducing Nespresso to coffee lovers in India. For almost 40 y ..read more