coffee round

Royal Bean launched

Australia

Australia’s leading donut and coffee maker Donut King has launched its largest marketing campaign for the year aimed at encouraging coffee-lovers to sample its new Royal Bean coffee blend.

Developed by internationally-recognized coffee experts during the past 12 months, Donut King’s Royal Bean coffee blend features some of the world’s finest coffee beans.

The new marketing campaign is Donut King’s biggest coffee promotion and will run from August 2 for two months.

Nestle to expand

Thailand

Nestle (Thai) is planning expand its production facilities in the Navanakorn Industrial Estate province for milk and coffee products.

Nestle’s c.e.o. Paul Bulcke and executive vice president for Asia, Oceania, Africa and the Middle East Frits van Dijk confirmed the company will be investing THB1.27 billion (US$791.3 million) in the country on this and on other projects in the kingdom during a recent visit.

Speculators blamed

Vietnam

Plunging coffee prices, the lowest being paid in three years, are causing great concern for Vietnamese traders and coffee growers. Speculators ar being blamed for much of the turmoil rather than oversupply, but Vietnamese traders are also being blamed for displaying a lack of unity and professionalism by some industry observers.

"I can say for sure that the coffee price has been decreasing because of speculators squeezing the market," said Vietnam Coffee and Cocoa Association (VICOFA) chairman Luong Van Tu. "The price decrease should not be blamed on the laws of supply and demand. Speculators have been deliberately distorting market forces to make profit."

Shipments delayed

Vietnam

Vietnamese exporters have been accused of delaying shipments of at least 80,000 tons of coffee after London’s Liffe saw falls that caused farmers to hold off selling their coffee.

Some roasters, anxious to avoid being caught short, turned to Indonesia to fulfill their orders.

According to reports, farmers demanded London prices for their beans but exporters, claiming that there were "ample supplies", were only willing to take robusta at discounted prices, despite the harvest having been completed some months previously.

Indo Viet committee?

Indonesia

Indonesia and Vietnam should form a committee to jointly manage robusta coffee trading, according to Indonesian Coffee Exporters Association (AEKI) secretary Rahim Kartabrata.

"The two countries control 60% of the world robusta coffee market and this would be the only way to change the present situation where the commodity’s market price is mainly determined by a handful of fund managers at the London commodity exchange," he said. "If Indonesia and Vietnam can handle the market through joint actions, a positive sentiment will no doubt prevail in the market, and this will boost the robusta coffee price at the farmer`s level," according to Kartabrata.

More Articles...

«
Start
Prev
1
2
3
4
Next
End
»

Page 1 of 4