November 4, 2022

Coffee News Recap, 4 Nov: PRF to return to Colombia in 2023, more than a third of UK hospitality businesses at risk of closure due to rising costs & other stories

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

Mon, 31 Oct

  • Saudi Coffee Company aims to increase coffee production by 700% by 2028. The organisation, which is owned by Saudi Arabia’s Public Investment Fund (PIF), currently grows around 300 tonnes of coffee every year. Saudi Coffee Company’s CEO also stated that the organisation plans to open 25 international coffee shops in the coming years as part of its strategic growth plan.
  • Fairtrade launches Living Income Reference Price for Ugandan arabica. The non-profit organisation established a farmgate price of 11,640 Ugandan shillings/kg (US $1.39/lb) of parchment coffee to provide a living income for arabica farmers in Uganda. Fairtrade also established a proxy reference price of 7,150 Ugandan shillings/kg (US 85.3 cents/lb) for Fair Average Quality (FAQ) robusta coffee. This is Fairtrade’s third major Living Income Reference Price, following Colombia and Indonesia.

Tue, 1 Nov

  • Sucafina launches new sustainable IMPACT sourcing programme. The green coffee trader’s new programme includes the IMPACT Sustainability Standard, which ensures all supply chain actors comply with ten mandatory Critical Indicators, as well as the required number of Improvement Indicators, which all cover a number of sustainable practices. Sucafina will offer IMPACT-verified shipments in early 2023, and plans to verify all of its direct supply chains by 2025.
  • PRF to return to Colombia on 6 and 7 July 2023. Following on from the success of this year’s event in Medellín, the two-day forum will return to Plaza Mayor. Mayorga Coffee will be the Diamond Sponsor for the next six PRF events (two per year), including PRF El Salvador, which will be held on 16 and 17 March 2023.
  • Minus Coffee to soft launch “beanless” Cold Brew. The company’s first product is made with ingredients such as ground and roasted chicory, date seeds, and lentils, which Minus says replicates flavours found in coffee. Minus will officially launch its cold brew in 2023.

Wed, 2 Nov

  • Westrock Coffee Company appoints two industry veterans to senior leadership team. Nicolas Lorenz, who has previously worked for PACCOR Packaging Systems in Germany, will serve as the company’s Executive Vice President of Manufacturing. Cedric Smith, who previously held the position of former assistant plant manager at Dairy Farmers of America, will now manage Westrock’s new production facility in Conway, Arkansas.

Thu, 3 Nov

  • Nespresso launches first Nano Boutique in the UAE. The boutique store concept includes an immersive sustainability-focused retail experience, as well as a Nespresso Experience Table and a dedicated recycling corner. The new store is located in Dalma Mall in Abu Dhabi.

Fri, 4 Nov

  • Colombian production drops 12% in October 2022. The National Federation of Colombian Coffee Growers (FNC) says the country produced 888,000 60kg bags of green coffee last month, compared to 1 million bags produced in October 2021. The FNC attributes the drop in production to higher levels of rainfall.

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

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Want to keep up with current affairs in the coffee industry? Check out last week’s stories and make sure to read the latest Coffee Intelligence news piece on how the new EU green deal could impact the coffee industry.

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