October 15, 2021

Coffee News Recap, 15 Oct: Coffee prices up 60% since January, WCC Covid-19 travel guidelines released & more

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

  • Mon, 11 Oct – Coffee prices continued to increase in September. The ICO reported a monthly average of US 170.02 cents/lb – a 60.6% increase compared to the start of the coffee year at US 105.85 cents/lb. Robusta prices increased the most, reaching over US 100 cents/lb for the first time since August 2017.
  • Mon, 11 Oct – WCC Milan 2021 provides Covid-19 travel guidelines for attendees. Travellers are categorised by lists depending on the departing country. Most attendees will require either an approved Covid-19 vaccine, negative Covid-19 test, or proof of recovery from the virus. WCC Milan 2021 will take place at HostMilano from 22 to 26 October.
  • Mon, 11 Oct – Sucafina pilots water treatment programmes in east Africa. Sucafina’s sister companies are trialing three initiatives in Kenya, Uganda, and Rwanda. The project in Rwanda will help to reduce carbon emissions to 1kg per 1kg of green coffee imported. Water filtration systems will also be installed for local communities.
  • Tue, 12 Oct – Tim Hortons MENA appoints new CEO. Hesham Almekkawi has previously held executive positions in the US and UAE. Almekkawi will be responsible for outlet growth in the MENA region and developing leadership teams.
  • Tue, 12 Oct – Caribou Coffee launches franchise programme. The new launch will be the first time the coffee chain is allowing candidates to operate franchise locations in the US. In early 2021, Caribou partnered with Panera Bread and Einstein Bros to form Panera Brands. The franchise programme will focus on drive-thru store expansion.
  • Wed, 13 Oct – NCA hosts Ethnicity and Coffee: What Are We Drinking? webinar. The online event covered how different demographics consume coffee differently, looking at rates of espresso consumption and preferred flavour profiles. Vice President of Research Dig Insights Cheryl Hung presented the webinar.
  • Wed, 13 Oct – UK Coffee Week 2021 to be held from 18 to 24 October. The charity scheme is Project Waterfall’s flagship fundraising campaign – providing access to clean drinking water for coffee growing communities. UK businesses can register to take part and raise funds.
  • Wed, 13 Oct – Uganda to leave ICO. Managing Director of the Ugandan Coffee Development Authority Dr. Emmanuel Lyamuleme Niyibigira issued a letter stating the authority will not extend the agreement past 1 February 2022. The reasons for leaving remain unknown.
  • Fri, 15 Oct – Brazil coffee exports hit 4-year low. Cecafé says that all forms of Brazilian coffee exports fell by an average of 26.5% in September. Green arabica exports fell to 2,422,269 bags, while green robusta exports fell 51.8% to 326,045 bags.

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

  • Tue, 5 Oct – Chemex launches Funnex filter brewer. The double-walled glass brewer can be placed on mugs and carafes to extract single cups or batches. Chemex filters can be used with the new brewer.
  • Wed, 6 Oct – Oatly experiences supply chain shortages. CEO Toni Petersson stated the company is currently able to fulfil around 70% of demand. He added that the new US and UK production facilities will enable Oatly to fulfil 100% of demand. Shares of Oatly have decreased by some 50% since its IPO launch in May 2021.
  • Thu, 7 Oct – Tchibo launches pop-up coffee shops in Chicago. As part of the company’s campaign for International Coffee Month, the mobile coffee tour was available from 7 to 10 October and will also be open from 14 to 17 October.
  • Fri, 8 Oct – Löfbergs partners with Circle K on Rescued Coffee project. The new initiative produces exclusive blends from coffees that would otherwise be wasted due to damage to packaging or roasting and grinding issues. The dark roast South and Central America and southeast Asia coffee blend is sold in Circle K stores.

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Want to keep up with current affairs in the coffee industry? Check out last week’s stories.