September 2, 2022

Coffee News Recap, 2 Sep: Ethiopian government reports US $1.4 billion earnings from 2021/22 coffee exports, volumes of sustainably-sourced green coffee increased by 29% in 2021 & 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, 29 Aug

  • Westrock Coffee goes public on Nasdaq stock market. Following the closure of its business combination with Riverview Acquisition Corporation, the company raised around US $300 million in equity capital and entered into a new credit agreement for US $350 million.

Tue, 30 Aug

Wed, 31 Aug

  • Qima Coffee and RD2 Vision publish report to clarify names of Yemeni coffee varieties. The study explores the relationship between the genetic identity of local coffee varieties and variety names used by Yemeni farmers. Researchers studied 148 farms in Yemen’s major coffee-growing regions and found that local names used by farmers do not accurately represent the varieties. Qima Coffee hopes the report will improve traceability and market value in Yemeni coffee supply chains.

Thu, 1 Sept

  • Starbucks to appoint Laxman Narasimhan as new CEO. Bloomberg reports that the CEO of Reckitt Benckiser Group Plc will join Starbucks on 1 October 2022, and will replace interim CEO Howard Schultz in April 2023. Narasimhan has previously worked for PepsiCo. Schultz will remain with the company as an advisor.
  • MICE 2022 announces finalists for the 2022 Product Innovation Awards. Finalists include the Heylo Coffee Module in the Coffee Preparation Equipment category, Eureka’s Prometheus grinder in the Ancillary Electrical Equipment category, and Weber Workshops’ Unifilter in the Coffee Accessories category. MICE attendees can submit their votes at the event, which takes place from 27 to 30 September 2022.

Fri, 2 Sept

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

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