Highlights: Brazilian Naturals, 2023 Coffee Convention, and Global Coffee Insights

Brazilian Naturals Shaping Premium Coffee Trading

 

A significant shift has emerged in commodities coffee trading, highlighted in a recent Reuters report. Traders reveal that Brazil’s natural-process coffees are being integrated into premium washed arabica contracts, marking a change in the landscape. Cecafe, Brazilian Coffee exporters association, confirms the inclusion of these beans in exchange stocks, acknowledging their improved taste and quality. This transformation underscores evolving dynamics in the coffee industry.

Global Coffee Industry Gathers at 2023 International Coffee Convention

Scheduled for Sept. 30 to Oct. 3 in Mannheim, Germany, the International Coffee Convention is an anticipated event. This platform unites various coffee industry stakeholders like roasters, farmers, and manufacturers to address pressing concerns. Topics on the agenda span from the role of biodiversity in sustainable farming to novel food regulations and climate change. The convention facilitates dialogue and innovation in the coffee world.

Dutch Bros Welcomes New CEO Christine Barone

Dutch Bros, the renowned drive-through coffee chain, is ushering in a new era with CEO Christine Barone. Starting January 1, she takes the helm from Joth Ricci. Having held key positions at Starbucks and True Food Kitchen, Barone’s leadership journey culminated in her role as president of Dutch Bros in November. This appointment marks a strategic move in shaping the future of the coffee enterprise.

Whittier College Students Create Greenleaf Coffee Brand

In an innovative venture, Whittier College students Ian Hyland and Olivia Esparza have established Greenleaf Coffee. This business proposal centers around coffee grown on the college’s own campus orchard. The brand secured its place through a campus-wide competition. Collaborating with San Francisco Bay Coffee Company, they’ll roast and package the coffee. This initiative blends education, entrepreneurship, and sustainability.

Fiction Coffee Joins Common Desk in Irving, Texas

Common Desk, a Dallas-based co-working provider, has introduced Fiction Coffee at its Irving, Texas location. Acquired in 2017, Method Coffee has been rebranded as Fiction Coffee. This fresh partnership offers co-workers an in-house coffee experience, enhancing the workplace environment with quality beverages.

Philz Coffee Location Closure: Unveiling Ownership Controversy

The decision to close San Francisco’s original Philz Coffee in the Mission District prompted an unexpected revelation. The building’s ownership lies with an LLC connected to Philz Coffee’s co-owner, Jacob Jaber. This insight adds complexity to the closure decision and raises questions about motivations and intentions behind the move.

Sōvda Innovates Coffee Equipment with Precision Silo (Plus)

Sōvda, a coffee equipment manufacturer, introduces the Precision Silo (Plus) for efficient coffee weighing. This technology, currently under user-testing in North America, aims to streamline the process. As the coffee industry continues to evolve, such advancements contribute to improved efficiency and accuracy.

‘Yellowstone’ Actor Launches Coffee Venture ‘Free Rein’

Actor Cole Hauser, known for his role in ‘Yellowstone,’ ventures into the coffee world with ‘Free Rein.’ This endeavor includes the acquisition of Texas-based Longhorn Coffee Co. The expansion into the coffee business signifies diverse interests for the actor and reflects the growing influence of entertainment figures in various industries.

Kaldi Company Ventures into Digital Currency with ‘Kaldicoin’

Kaldi Company, known for its green coffee sales platform, receives regulatory approval for its digital currency, ‘Kaldicoin.’ This move underscores the integration of technology and coffee trading, marking an innovative step forward. The cryptocurrency finds its use within the company’s coffee sales platform, enhancing transactions and efficiency.

Glasgow’s Coffee Recycling Initiative Converts Grounds into Compost

Cyclist Jenny Graham supports a coffee recycling project in conjunction with the 2023 UCI World Cycling Championships. Dubbed the ‘Grounds for Recycling’ project, it converts used coffee grounds into compost for Glasgow’s Botanic Gardens. With over 60 coffee venues participating, this initiative demonstrates sustainability through creative solutions.

ICO’s Global Coffee Market Report: Insights and Trends

The International Coffee Organization (ICO) releases its July 2023 Coffee Market Report, offering valuable insights into industry trends. The report reveals a 7.2% decline in the ICO Composite Indicator Price from the previous month. Global green bean exports for June decreased by 6.7% compared to the same period last year, reflecting market dynamics and trends.