September 3, 2021

Coffee News Recap, 3 Sep: Vietnam lockdowns could affect global coffee supply, robusta prices reach 4-year high & other stories

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

  • Mon, 30 Aug – Specialty coffee collective Impact opens in Medellín, Colombia. Impact was founded by Those Coffee People, Rituales, Proyecto Renacer, La Fábrica, Las Brisas, and Moara – investing a collective US $1.1 million in local communities. The roaster incubator will include a quality control lab and processing facilities.
  • Mon, 30 Aug – Costa Coffee UK faces supply chain shortages. Post-Brexit trade rules, Covid-19 lockdowns, and supply chain employee isolation are all believed to have affected stock levels. Customers have also reported that some stores have no coffee. Costa has implemented limited menus to accommodate for stock shortages.
  • Mon, 30 Aug – Covid-19 lockdown in Vietnam affects coffee exports. Measures taken to mitigate the rise in Delta variant cases in Ho Chi Minh City have led to difficulties with exporting goods, including coffee. Vietnamese authorities have said they will deploy military troops to maintain stay-at-home orders, which may affect key coffee-growing regions in the Central Highlands.
  • Mon, 30 Aug – Futures for robusta reach four-year high. Due to July frosts in Brazil and Covid-19 lockdowns in Vietnam, robusta prices have reached US $2,024 per tonne. Arabica futures also increased in August by 3%.
  • Mon, 30 Aug – J.M. Smucker Co. announces 2021 Q1 results. J.M. Smucker represents brands such as Folgers and Dunkin’. Net sales decreased by 6% to US $1.9 billion compared to the same period in 2020. Profits fell by 17% to US $151.3 million.
  • Mon, 30 Aug – Sucafina updates sample roasting profiles. Quality Control Coordinator for Sucafina Specialty Europe Franciska Apró has updated the roasting guidelines for washed, natural, and experimental processed coffees. The Roast Summary is available to download for reference.
  • Tue, 31 Aug – Emmi Caffè Latte to use chemically recycled polypropylene cups. The RTD iced coffee brand has partnered with Greiner Packaging to produce cups, while Borealis will provide the recycled polypropylene material. Emmi Caffè Latte claims it will use packaging that contains at least 30% recycled materials by 2027.
  • Tue, 31 Aug – Chemex celebrates 80th anniversary. The coffee brewer was invented in 1941 by Dr. Peter Schlumbohm. To celebrate its anniversary, Chemex has released two new models – including the 80th Anniversary Decal Chemex and 80th Anniversary Handblown Chemex.
  • Tue, 31 Aug – SCA announces candidates for 2021 Board of Directors. Cosimo Libardo (Strategic Advisor at Nomad Coffee Consulting), Jeanine Niyonzima-Aroian (owner of JNP Coffee), David Piza (Vice President of Global Sales at Westrock Coffee & Tea), Sarina Prabasi (co-founder of Buunni Coffee), and Andrew Tolley (Director of Tolley Coffee & Tea) have been put forward as candidates. The final 2021 ballot will be announced on 12 October.
  • Tue, 31 Aug – Partnership for Gender Equity appoints four new board members. John Smirnow (Vice President of Market Strategy for the Solar Energy Industries Association), Aimee Russillo (Associate at the International Institute for Sustainable Development), Dr. Patricia T. Morris (Director of Gender and Inclusive Development at EnCompass), and Courtney Hood (Partnerships Coordinator at International Union for Conservation of Nature) will join the board of directors.
  • Wed, 1 Sep – DMCC announces best eight-month performance in seven years. During the first half of the year, the commodities trade centre partnered with 1,230 companies. DMCC also recently opened the Crypto Centre for businesses (including roasters and coffee traders) operating in blockchain sectors.
  • Wed, 1 Sep – Olam secures three US $5.2 billion loan facilities. The three facilities comprise a US $1.2 billion three-year term loan and two 18-month bridge loan facilities valued at US $2 billion each. The financing will be used to support Olam’s restructuring plan.
  • Wed, 1 Sep – CQI partners with FlavorActiV for training programme. FlavorActiV produces flavour references which can be used to describe specific aromas, tastes, and mouthfeels. CQI says the partnership will support calibration training for tasting panels and coffee professionals.
  • Thu, 2 Sep – Pre-orders open for Seize The Bean coffee board game. The project received over €137,000 (US $162,000) in funding on Kickstarter. The game centres around the Berlin coffee scene, with players competing to win cards representing certain customer groups, including “Hispters”, “Tourists”, and “Starving Artists”.
  • Thu, 2 Sep – The Barn launches new Sustainable Capsule range. The Nespresso-compatible single origin capsules are made from German wood chips. The coffee pod range includes its Seasonal and Low Caf Brazilian coffees, as well as the Masterpiece Panamanian.
  • Thu, 2 Sep – Caffè Culture Show 2021 takes place in London. The two-day coffee shop exhibition includes the SCA UK Latte Art Championships. Two new events at this year’s show are the Hipster Brew-Off and ESTA UK Matcha Whisking Competition.
  • Fri, 3 Sep – Krispy Kreme opens first location in Egypt. The first store opened in Cairo, with 10 more locations planned in the country over the next year. In partnership with Americana Group, Krispy Kreme operates 200 stores across the MENA region.

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

  • Wed, 25 Aug – Starbucks China appoints Leo Tsoi as new CEO. Tsoi has served as Starbucks China’s Chief Operating Officer and President of Starbucks Retail for the last five years. Through his work at Starbucks China, Tsoi has helped to diversify store portfolio and develop the in-store customer experience.
  • Thu, 26 Aug – HumaniTea to launch products on Amazon. The company launched the first RTD plant-based tea lattes on the UK market. HumaniTea’s products will be featured on Amazon’s launchpad section.
  • Sat, 28 Aug – Starbucks US to focus on drive-thru store development. Business Insider reported the closure of some older stores, such as those in shopping malls, mainly due to Covid-19. The coffee chain will also turn its attention to opening more contactless and “convenience-focused” stores.

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Photo credits: Meklit Mersha @meklitmersha