March 11, 2022

Coffee News Recap, 11 Mar: Equal Origins launches Gender Equity Index tool, Starbucks suspends operations in Russia & other stories

Share:

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

Mon, 7 Mar

  • Russia-Ukraine conflict may lead to fertiliser shortages. Economic sanctions imposed on Russia after the invasion of Ukraine on 24 February have essentially halted most of Russia’s international trade. Russia supplies around 22% of Brazil’s fertilisers, which are used in the coffee industry. Shortages may lead to higher fertiliser prices, which may also increase global coffee prices.

Tue, 8 Mar

  • Colombia’s February coffee exports drop by 23%. Exports fell to 980,000 bags in February 2022, compared to 1.3 million in February 2021. So far throughout 2022, production has reached 1.8 million bags in the country – down 18% from the 2.2 million bags produced during the same period in 2021. Unfavourable weather conditions have been cited as the reason for this fall.
  • Equal Origins launches Gender Equity Index tool. The GEI tool is used to promote gender equity in coffee and cacao supply chains. Equal Origins (formerly the Partnership for Gender Equity) partnered with roasters, green coffee traders, and non-profits such as Lavazza, Caravela Coffee, and Lutheran World Relief to develop the tool. The GEI provides targeted recommendations for companies to improve gender equity.
  • Russian coffee companies release joint statement on Ukraine invasion. The statement announces that the Russian coffee industry is against the conflict in Ukraine, but emphasises how Russian citizens are largely unable to publicly condemn the Kremlin’s invasion of Ukraine. The statement also expresses concern over the economic sanctions imposed on Russia.

Wed, 9 Mar

  • Luckin Coffee concludes provisional liquidation. The Chinese coffee chain’s Chapter 15 bankruptcy case will now be officially closed. Luckin filed for Chapter 15 bankruptcy in the US in February 2021 in order to restructure its financial obligations.

Thu, 10 Mar

  • The Barista League hosts 2022 High Density. The virtual conference included a series of speaker sessions and panel discussions, including co-founder of Coffee Collective Klaus Thomsen and Managing Director of Yunnan Coffee Traders Joshua Jagelman.

Fri, 11 Mar

  • Seventh annual Glasgow Coffee Festival to be held in May 2022. The event will return after a two-year hiatus due to Covid-19 restrictions. Over 40 exhibitors will be present at the festival, which will also include coffee cupping sessions. Glasgow Coffee Festival will take place from 7 to 8 May at Bridgegate market hall.

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

  • Wed, 2 Mar – Coffee traders seek advance payments from Russian companies. After Russia was cut off from the international banking messaging system SWIFT, Brazilian traders have added Russia to the list of countries which must pre-pay to secure coffee. As such, several European traders have stated they will not take on new supply orders from Russian roasters.

Sign up to our weekly coffee news recap to get a summary of all the biggest stories in the sector, delivered straight to your inbox every Monday.

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

Photo credits: Henry Wilson

Share: