February 12, 2021

Coffee News Recap, Feb 12: Arabica prices up in Jan, coffee consumption may reduce cardiac risk & other stories

Every Friday, Perfect Daily Grind rounds up the top coffee industry news from the previous week. Here are this week’s stories.

  • Monday, 8 Feb – Sucafina launch a New Zealand office. Sucafina NZ Ltd. will be managed by Carl Sara, who has 20 years’ experience in importing. Sucafina have opened warehouses in Auckland and Christchurch, shipping nationwide (including 20kg microlots).
  • Monday, 8 Feb – Second Cup Coffee Co. sold for US $11 million. The Canadian retail company was sold to Quebec-based restaurant business Foodtastic. World Coffee Portal’s report from last October claimed the value of Canada’s branded coffee shop market dropped by 22% in 2020 due to Covid-19.
  • Tuesday, 9 Feb – FreshCap Mushrooms launch new Mushroom Coffee. The US company released three new products, including an organic instant coffee made from Lion’s Mane and Chaga mushrooms. The product comes in a box of 15-20 instant packets that are added to hot water.
  • Tuesday, 9 Feb – Italian manufacturer, Wega, launches WBar espresso machine. The unique, vertically-arranged grouphead controls have been designed for efficient workflow. The distance between grouphead and steam wand has also been increased for more comfortable access. Release is tabled for mid-2021.
  • Friday, 12 Feb – World Coffee Alliance (WCA) announces confirmed speakers for Cross Talk Series 2021. WCA’s first virtual event in 2021 (following two in 2020), entitled Digitalising Access to Coffee Finance: Where is the Beef?, will take place on Feb 24 at 15:00 GMT. The virtual event will feature Mastercard and GrainChain; it will consist of two panels, featuring global leaders from the coffee industry and major brands from the finance and technology sectors.

Here are a few news stories from previous weeks that you might find interesting. Take a look.

  • Thursday, 4 Feb – BLM Brew Co. launched in Princeton, New Jersey. Princeton’s first-ever black female police officer, Toni Mitchell, founded the ecommerce coffee company. Proceeds will provide resources and support programmes for communities of colour.
  • Friday, 5 Feb – Royal Coffee Inc. opens warehouse in Canada. The US and Shanghai-based green coffee importer reveals a new warehouse in Vancouver, British Columbia. The first offerings from this location include Peruvian and Guatemalan coffees.
  • Friday, 5 Feb – Chobani launches “I Dream of Creamer” contest. The US food and beverage company are offering US $75,000 for a new coffee creamer flavour. The flavour must “be made with only natural ingredients, including farm-fresh cream, real milk, and real cane sugar”.
  • Friday, 5 Feb – Luckin Coffee files for bankruptcy in US. The Chinese chain’s US arm filed for bankruptcy after admitting to financial misconduct in 2019. The brand’s day-to-day operations elsewhere will remain the same, with 3,600 shops in China still active.
  • Friday, 5 Feb – Swedish research finds fungus that may suppress coffee leaf rust. Studies conducted in Ethiopia found a species of “hyper parasitic fungus” that can grow “on top of” coffee leaf rust. This could reduce leaf drop, and help to minimise and maybe even reverse the negative impact of coffee leaf rust on plant growth and yield. More research is needed.
  • Friday, 5 Feb – Minor Figures launch RTD product in US market. The UK-based oat beverage company debuted four canned drinks, including a seasonal single-origin latte. The RTD beverages will be available online as 12-packs, and in selected grocery stores.