October 22, 2021

Coffee News Recap, 22 Oct: Coffee prices fall due to Brazil rainfall, Cometeer raises $35 million & 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, 18 Oct – HOTELEX Shanghai Exhibition to take place in March 2022. The 31st annual HoReCa expo is expected to attract over 220,000 visitors. Some 3,000 exhibitors will be showcasing services and products at the event, including coffee. The expo will take place from 28 to 31 March 2022.
  • Mon, 18 Oct – VacOne Air Brewer launches on market. The brewer uses vacuum technology to brew both hot and cold coffee, which VAC claims enhances sweetness and reduces bitterness. VAC also offer a Quintal subscription which highlights origin roasters in Latin America.
  • Mon, 18 Oct – WCA confirms speakers for last 2021 Cross Talk Series webinar. Shaping the Future of Digital Traceability in Coffee: “Towards a more transparent farm-to-cup digital economy” will take place on 27 October at 15:00 BST. CEO of Enveritas David Browning will be the keynote speaker and panels will include Chief Impact Officer of Sustainable Harvest Kellem Emanuele and Olam’s Head of Coffee EMENA Deepak Kaul. Registration is free.
  • Tue, 19 Oct – UK hospitality leaders push for VAT to remain at 12.5% permanently. Trade body UK Hospitality have representatively signed a letter addressed to Prime Minister Boris Johnson asking to not raise VAT back to 20% in April 2022. The letter states that maintaining the 12.5% rate will enable the hospitality sector – including coffee shops – to recover from the financial damage of Covid-19.
  • Tue, 19 Oct – Sucafina announces 2030 sustainability strategy roadmap. The three pillars of the strategy include Caring for People, Investing in Farmers, and Protecting Our Planet. Sucafina will aim to include 350,000 farmers in its supply chain by 2025 and ensure all wastewater from coffee washing stations is certified by the International Finance Corporation by 2023. The 2030 roadmap is accompanied by Sucafina’s 2020 sustainability report.
  • Wed, 20 Oct – Röststätte launches new Frozen Coffee Box. The Berlin roaster’s new kit includes a bag of coffee and five glass tubes for freezing individual doses. The roaster’s Head of Education Nicole Battefeld-Montgomery has published a set of best practices for freezing roasted coffee.
  • Wed, 20 Oct – Online green coffee platform Typica launches in UK. Through the platform, producers and UK roasters can directly trade coffee, starting at one bag (60kg). By 2025, Typica aims to support over 5,000 producers in 70 countries. Since launching in Japan in April, the platform includes 800 roasters from 12 countries.
  • Wed, 20 Oct – Oatly and Alpro partner on Plant-Based Food Alliance in UK. The Alliance will work on a UK Plant-Based Food Charter that will provide framework for building systems which promote plant-based diets. The Alliance will also advocate for improved product labelling and public campaigning on environmental issues, as well as advocating for more support for farmers moving towards dairy alternatives.
  • Thu, 21 Oct – WCR to host Think + Drink 2021 webinar on 27 October. Speakers include CEO Dr. Vern Long, Scientific Director Dr. George Kotch, Strategy and Communications Director Hanna Neuschwander, and VP of Peet’s Coffee & Tea Doug Welsh. The annual gathering will discuss topics such as the 2021 IPCC report and WCR’s new breeding programme. The webinar will be held at 17:00 CEST.
  • Fri, 22 Oct – Winners announced for first-ever CoE Ecuador. The highest scoring coffee was a washed Typica Mejorado from Arashi farm, achieving 90.39 points. Three coffees scored over 90 points, while all coffees scored over 87 points. The 2021 CoE Ecuador auction will be held on 29 November.
  • Fri, 22 Oct – Fairtrade International and B Lab launch partnership. The two sustainable certification organisations (including for coffee) announced they will work collaboratively to pursue the UN’s SDGs, which include reducing poverty and improving gender equity by 2030.

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

  • Thu, 14 Oct – Luckin Coffee Board of Directors adopt shareholder rights plan. The plan aims to protect the interests of the coffee chain’s shareholders and the long-term value of their investments. The shareholder rights plan is part of Luckin’s restructuring agreement after findings of financial misconduct in 2019.
  • Fri, 15 Oct – Oatly opens Singapore production facility. The joint facility was opened in partnership with food and beverage company Yeo Hiap Seng Limited. Oatly’s first factory outside of Europe and the US will produce oat milk for Asian markets.

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

Photo credits: Nicole Motteux