Coffee

Lavazza Sees 'Challenging' 2022, Halts Russian Activities

Italian coffee maker Lavazza said on Wednesday it expected a challenging 2022 due to raw material price rises after reporting a strong increase in profits...

Cutting Middlemen's Profit One Way To Boost Coffee Farmers' Gains, ICO Head Says

Increasing transparency and adjusting the size of gains for middlemen in coffee trading is one way to increase profits for coffee farmers, a major task for...

Starbucks’ Schultz Returns, Announces Halt To Stock Repurchasing Programme

Starbucks Corp's longtime former chief executive Howard Schultz has announced the suspension of the company's stock repurchasing program, as he returns thi...

Uganda Coffee Exports Plunge 20% In February

Uganda's coffee exports in February plunged 20% compared to shipments from the same period a year ago, the state-run sector regulator said.

Coffee Traders Seeking Advance Payment In New Deals With Russia

Coffee traders are seeking advance payment in any new deal to sell beans to Russia as Western sanctions hit the financial system of the world's sixth large...

JDE Peet's Posts 2% Rise In Profit, Outlines 2022 Strategy

JDE Peet's, one of the world's largest coffee companies, has reported a 2% rise in full-year core profit that came in slightly ahead of analysts' expectati...

Brazil Sees Coffee Crop Growing Less Than Expected; Deficit Looms

Brazil's government has said that farmers in the world's largest coffee producer will harvest 55.74 million bags in 2022, 16.8% more than in the previous y...