August 4, 2023

Coffee News Recap, 4 Aug: PRF Colombia to host three coffee championships on 14 & 15 September, Fairtrade International implements new minimum prices & 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, 31 Jul

  • Sensible Coffee to host four private auctions in August and September. Upcoming auctions include:
    • El Salvador – SiCafe Tephra Legacy Private Auction on 10 August, which includes 20 lots all scoring 87.11 points or above
    • Panama – Lamastus Family Estate Private Auction on 18 August, which includes 24 lots and a starting bid of US $50/lb
    • Panama – Best of Panama Private Auction on 30 August, which includes 50 lots all scoring 89.13 points or above
    • Colombia – Wala Coffee Gesha and Wush Wush Micro Lot Auction on 5 September, with 20 lots starting at US $8/lb

Tue, 1 Aug

  • Fairtrade International implements new minimum coffee prices. The new minimum arabica price has increased by 29%, while the minimum price for robusta is now 19% higher. Fair Trade USA, however, has announced a minimum price freeze until at least 2024 due to concerns about price increases and falling consumer demand.

Wed, 2 Aug

  • JDE Peet’s reports 3.5% increase in first half of 2023. The company’s gross profits also rose by 0.9%, but adjusted EBIT fell by 3% as JDE Peet’s expects volatile economic conditions to continue throughout the year. The company is also transitioning to a local portfolio of brands in Russia.
  • Cold beverages now account for 75% of Starbucks’ US sales. In its 2023 Q3 sales report, the company states sales of cold espresso-based drinks in the US increased 13% year-on-year, with the chain set to launch cold-pressed cold brew in select stores later this year. Starbucks also reported that 60% of beverages in 2023 Q3 were customised – a 9% increase on 2018. However, overall sales growth in the US was lower compared to China, where sales rose by 46%.
  • Kaldi’s Coffee Roasting Co. merges with Dancing Goats Coffee. Under the new partnership, Kaldi’s will use Dancing Goats’ roastery to distribute its products, but roasting, café, and wholesale operations will continue as normal. Dancing Goats, meanwhile, will continue operating under its original branding. The two companies had previously partnered in the late 2000s on co-branded retail coffee products.

Thu, 3 Aug

Fri, 4 Aug

  • The Barista League to return to Los Angeles on 5 August. The multi-disciplinary competition will take place at MoonGoat Coffee in Costa Mesa. Guest judges will include Frank La of Be Bright Coffee, Shanita Nicholas of Sip & Sonder, and Mimo the Mom of Juno Coffee and Cora Coffee.
A barista competes at PRF El Salvador.

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

Photo credits: Producer & Roaster Forum

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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 & Opinion piece on RTD coffee company acquisitions.