July 9, 2021

Coffee News Recap, Jul 9: ICO reports June coffee price increase, Lavazza celebrates 10 years as Wimbledon partner & other stories

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

  • Monday, 5 Jul – Löfbergs opens new roastery in Karlstad, Sweden. To celebrate its 115th anniversary, Löfbergs invested SEK 200 million (US $23.4 million) in the new facility. The roastery will specialise in whole bean coffee, while its other Karlstad location continues to focus on ground coffee products.
  • Monday, 5 Jul – Hillhouse Coffee opens store in Tuscon, Arizona. The Cold Roast extraction system (which uses a grinder, keg, and nitrogen tank) allows baristas to serve customers in 60 seconds or less. The café is also developing an app for contactless payments.
  • Tuesday, 6 Jul – Cropster appoints Marcus Young as Demand Generation Manager. Young will be managing Cropster’s education, content, and event creation departments. Young has worked in the coffee industry for nearly 20 years, previously as Director of Business Operations for Sustainable Harvest Coffee Importers.
  • Tuesday, 6 Jul – DMCC registers 1,230 companies in first half of 2021. European and Asian coffee markets have seen the most significant growth. DMCC is set to host a webinar on 12 July to discuss how Swiss coffee businesses can enter the market in Dubai. Speakers include Managing Director of Sucafina Specialty EMEA, Cory Bush, and Managing Director of Sucastainability Kenya LTD, Wycliffe Odhiambo Murway.
  • Wednesday, 7 Jul – Café Show Paris 2022 to take place 19 to 21 May. Around 20,000 visitors and 200 exhibitors are expected to attend the event in Paris. The exhibition will include seminars, a barista and bartender competition, and a platform for buyers and investors called Café Talk.
  • Wednesday, 7 Jul – Chobani files for US IPO. Chobani manufactures a number of products, including yoghurts, oat milk, RTD coffee, and coffee creamers. It could be valued at more than US $10 billion. The number and value of shares has yet to be determined.

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

  • Wednesday, 30 Jun – SCA releases results of China and Korea Community Impact of Covid-19 surveys. Most respondents from both China and Korea identified as coffee retailers. Around 35% of Korean respondents claimed they lost 26% to 50% of their sales during March 2021. Around 45% of Chinese respondents claimed sales reduced by up to 15% during the same time period. Both sets of respondents claimed business expenses had increased since June 2020.
  • Thursday, 1 Jul – Keurig Dr Pepper releases 2020 DrinkWell.Do Good report. The company stated it responsibly-sourced 100% of its coffee throughout 2020, and produced 100% of its L-Cup coffee pods from recyclable plastic. Four million coffee cups, beverages, and brewers were also donated to US and Canadian healthcare workers during the pandemic.
  • Friday, 2 Jul – World Coffee Producers Forum 2021 to be held virtually on July 15. The two-part forum will include the online webinar focusing on long term sustainable development of the production sector. The second part of the event will take place in Kigali, Rwanda in 2022, creating National Coffee Sustainability Plans for coffee producing countries.

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