CIMBALI
Thursday 07 November 2024
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Market & Trade

Coffee futures bounce back on fundamentals uncertainty, green coffee stocks in the major coffee ports of Europe are on the rise

MILAN - Coffee futures bounced back yesterday from the lows set on Friday. In the first two days of the week, both markets moved higher, boosted by the continued uncertainty on fundamentals, which fuels volatility. In New York, the contract for December delivery gained 720 points in two days to close at 250.15 cents yesterday, Tuesday 5th November. In London, the contract for January delivery of the Ice Robusta rose $93 between Monday and Tuesday to settle at $4,372. On Friday, London and...

Business & Finance

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TODAY NEWS
Latest

Uncategorized

Restaurant Brands International reports 3Q financial results

Desk3 -
TORONTO, Canada – Restaurant Brands International Inc. – the parent company of Tim Hortons – yesterday reported financial results for the third quarter ended...
Companies

Swiss Water posts 27% increase in 3Q total sales

Desk3 -
VANCOUVER, British Columbia, Canada – Swiss Water Decaffeinated Coffee Inc., a leading specialty coffee company and premium green coffee decaffeinator, today reported financial results...
coffee chains

Weyay Bank partners with Caribou Coffee to offer the one-of-a-kind 50% discount for SELECT cardholders

Desk3 -
AL KUWAIT, Kuwait – Weyay Bank, Kuwait’s first digital bank, is pleased to announce an unprecedented new partnership with Caribou Coffee aimed at creating...
Equipment

Coffeedesk expands partnership with Hario

Desk3 -
DUBAI, United Arab Emirates — Coffeedesk, the leading provider of premium coffee machinery accessories in the GCC, is pleased to announce that its partnership...
Franke Mytiko
Uncategorized

Organo receives Awards for Quality Coffee at The Global Beauty and Wellness Awards 2024

Desk3 -
VANCOUVER BC, NEW YORK and HONG KONG – ORGANO has been recognized among 571 shortlisted entries and 67 finalists at The Global Beauty and...
Uncategorized

Philz Coffee kicks off a season of gratitude

Desk3 -
OAKLAND, Calif., USA — Philz Coffee launches its winter menu today, bringing back two fan favorites — the beloved Gratitude blend and Winter Bliss...
Associations

The Specialty Coffee Association (SCA) officially adopts descriptive and affective assessments as its new official cupping standards

Desk7 -
MILAN, Italy – Following a preliminary release in June, the Specialty Coffee Association (SCA) announces the adoption of three Coffee Value Assessment components as...
Equipment

Slayer introduces the new one-group espresso machine Steam Single: “It will serve as the foundation for future products”

Desk7 -
Slayer Espresso Machines recently unveiled the Steam Single, a new one-group espresso machine that combines evolutionary design, accessibility, and premium quality. We talked about...
Equipment

VEA Group is born from the merger of Carimali, Elektra, Heylo, and Bellezza

Desk7 -
CHIGNOLO D'ISOLA, Italy - VEA Group SpA is born: a new entity formed through the merger by incorporation of Elektra Srl, Heylo Srl, and...
Roasters

IMF Roasters showcases italian innovation and sustainability at Gulfood Manufacturing in Dubai: a decade of global growth in the coffee industry

Desk7 -
OCCHIOBELLO, Italy – IMF strengthens its presence in Dubai by taking part in the Gulfood Manufacturing, main destination to see the future of the...
Single Serve

Nescafé Fusion system enables food service providers to deliver personalized coffee experiences

Desk3 -
VEVEY, Switzerland – Nestlé Professional, Nestlé's business-to-business and out-of-home expert, is expanding its Nescafé Fusion system, a range of coffee machines that offer a...
coffee chains

Yum China reports 3Q total revenues of $3.07B (+5%)

Desk3 -
SHANGHAI, China – On November 4, 2024, Yum China Holdings, Inc. reported unaudited results for the third quarter ended September 30, 2024. Yum China...
Awards

The international jury of experts for the Ernesto Illy International Coffee Award has been announced

Desk3 -
TRIESTE, Italy – illycaffè has announced the jury that will select the winner of the "Best of the Best" award at the Ernesto Illy...
Roasters

BRC reports 3Q revenue of $98.2M (-2.3%), adjusted EBITDA of $7.1M

Desk3 -
SALT LAKE CITY, Utah, USA – BRC Inc., a Veteran-founded, mission-driven premium beverage company, today announced financial results for the third quarter of fiscal...
coffee chains

Costa re-opens Greenwich Peninsular store in London

Desk3 -
HIGH WYCOMBE, UK – Costa Coffee has re-opened its refreshed Greenwich Peninsular store in London on 30th October 2024, showcasing an exciting new coffee...
coffee chains

Hasbro and Scooter’s Coffee bring the sweet adventures of Candy Land to life with new character-inspired menu items

Desk3 -
OMAHA, Neb., USA – This holiday season, Mr. Mint, Queen Frostine, Jolly Gumdrop, Gramma Nutt, and King Candy are bringing the magical and nostalgic...
Culture

CQI to launch industry-wide skills survey as part of the 20th anniversary of the Q

Desk3 -
ALISO VIEJO, CA, USA – Coffee Quality Institute (CQI), the organization that bestows the respected Q Grader certification, is evaluating its skill set. More...
Sustainability

New Fairtrade study show that smallholder coffee farming practices are more climate friendly than large scale plantations

Desk3 -
LONDON, UK – Small-scale coffee in Latin America are on average more environmentally friendly than large-scale plantations, new Fairtrade research released ahead of International...
Climate

ENSO remains neutral, recent IOD values tending negative, says BoM update

Desk3 -
MELBOURNE, Australia – The El Niño–Southern Oscillation (ENSO) remains neutral, with sea surface temperatures (SSTs) in the central equatorial Pacific Ocean at ENSO-neutral levels,...
Uncategorized

Kiss the Ground launches certified regenerative coffee subscription service

Desk3 -
LOS ANGELES, CA, USA – Kiss the Ground, a leading nonprofit in the Regenerative Movement, is launching a monthly subscription service for its certified...

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Roasters

Chobani Taps Industry Veteran Jai Kibe as Chief Marketing Officer

NEW YORK and NEW BERLIN, N.Y., USA – Chobani, LLC announces the appointment of Jai Kibe as Chief Marketing Officer, effective November 4, 2024, reporting to President and COO, Kevin...
coffee chains

Luckin Coffee posts 3Q net revenues of $1.45 billion (+41%), ends quarter with more than 21,300 stores

Desk3 -
BEIJING, China – Luckin Coffee Inc. yesterday announced its unaudited financial results for the three months ended September 30, 2024. Total net revenues in...
Equipment

Nuova Simonelli at GulfHost with NUOVA Aurelia, Nov. 5-7

Desk7 -
BELFORTE DEL CHIENTI, Italy - From 5 to 7 November, Simonelli Group, a leading company in the production of professional espresso machines and grinders,...
coffee chains

Browne Jacobson advises coffee roaster 200 Degrees on acquisition by the Caffè Nero Group

Desk3 -
NOTTINGHAM, UK – UK & Ireland law firm Browne Jacobson advised coffee roaster 200 Degrees on its acquisition by the Caffè Nero Group. 200...

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