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Thursday 21 November 2024
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coffee industry news

Single Serve

Food Empire to invest US$80m in a new freeze-dried soluble coffee manufacturing facility in Vietnam

Desk3 -
SINGAPORE — Leading multinational F&B manufacturing and distribution company, Food Empire Holdings Limited will be investing approximately US$80 million (including working capital) in a...
Equipment

Ralf Torenz is the new Managing Director of Neuhaus Neotec

Desk3 -
GANDERKESEE, Germany – Ralf Torenz was officially appointed Managing Director of Neuhaus Neotec in June of this year and is now in charge of...
Rtd

illy and United to offer ready-to-drink cold brew starting July 1

Desk3 -
NEW YORK, USA – Starting July 1, illy 's canned, ready-to-drink Cold Brew will be available on most United flights over 300 miles, making...
Roasters

J.M Smucker posts 1.1% decrease in FY U.S. Retail Coffee sales to $2.7B, net profit at $759M (+2.9%)

Desk3 -
MILAN – J.M Smucker reported Thursday better-than-expected 4Q results. The company behind Folgers Coffee and Jif peanut butter posted fourth-quarter fiscal 2024 adjusted earnings...
Reports & Statistics

Toast data report coffee and tea trends in the U.S.

Desk3 -
BOSTON, USA – Toast, the all-in-one digital platform built for restaurants, today announced its Q1 2024 Restaurant Trends Report, providing insight into the overall...
Market & Trade

Robusta coffee futures reach their highest levels since late April, USDA gain Report sees Vietnam’s production stable at 29 million bags in CY 2024/25

Desk3 -
MILAN – The Bull Run in the coffee markets continues: July ICE Robusta contract in London gained an additional $93 on Thursday, 30 May,...
Roasters

Nestlé reports 1Q sales of CHF 22.1B (-5,9%) below consensus, Nespresso’s sales at CHF 1.5 B, down by 4.1% year-on-year

Desk3 -
VEVEY, Switzerland — Food giant Nestlé reported a decline in sales in the first quarter of 2024,  as the company hiked prices, consumer demand...
Market & Trade

Coffee futures markets start the week on a high note: Ice Robusta breaks the $4,000 mark,  NY  posts  new  gains

Desk3 -
MILAN – Coffee futures markets once again skyrocketed in yesterday’s sessions. London broke through the $4,000 mark, while New York posted its fifth consecutive...
Technology

Next Bio invests in Hiperbaric High-Pressure Processing technology to ramp up cold brew production

Desk3 -
MIAMI, USA – Next Bio, South Korea's top producer of cold brew coffee, has made a major investment in Hiperbaric's High Pressure Processing (HPP)...
Market & Trade

Robusta futures prices soar to new all-time highs in London

Desk3 -
MILAN – Crop concerns for the 2024/25 harvest season in Brazil and Vietnam continue to fuel the upward trend in the coffee futures markets,...
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