The drought in Brazil did not cause a shortage of coffee beans.
Starbucks, the world's largest coffee chain, said that even though drought and disease hampered crops, bean prices in Latin America were still close to 2012 highs and there was no shortage of beans, Reuters reported.
"by 2015, Starbucks still needs to buy 1/3 of its coffee," Scott, chief financial officer, told analysts on a conference call on fourth-quarter and full-year 2014 results. "We don't see the dynamics of electricity supply and basic market shortages, including Brazilian supplies."
In 2014, the crop in Brazil, the world's largest coffee producer, is facing an unprecedented drought. This has led to wild swings in small-grain coffee KCC1 trading, doubling to a 26-month peak in the past three months. Prices soared again to $2.2550 a pound in September, the highest since January 2012.
- Prev
Arabica coffee futures fell to an one-month low as rain was forecast in Brazil
New YORK / London (Reuters)-ICE Arabica coffee futures fell to an one-month low on Thursday on forecasts of more much-needed rainfall in Brazil, the largest producer, and weighed down by a stronger dollar and technical selling pressure. Cocoa futures consolidated upward, while raw sugar futures held steady. ICE- December Arabica coffee futures closed down 2 cents, or 1.1%, at 1 per pound.
- Next
Coffee experts offer tips to build Pu 'er coffee brand
On October 25, Yunnan Coffee Trading Center Co., Ltd. held the 2014 Coffee Enterprise Symposium in Pu 'er City National Pu' er Tea Product Quality Supervision and Inspection Center. At the symposium, the person in charge of the company introduced the project background, framework vision and development vision of Yunnan Coffee Trading Center, and invited Ted Linger, founder of American Fine Coffee Association and international coffee industry leader, to lead the way.
Related
- Can I put a thermos in a thermos pot to keep my coffee warm? Why does coffee not taste so good after it cools down? What is the most suitable amount of milk for latte?
- How to make coffee cream? Do I have to use instant powder for 400 hand-made coffee? What is the composition of coffee cream in Naples coffee?
- What is an authentic cappuccino? How to make cappuccino golden circles? What is the ratio of coffee to milk in a cappuccino?
- Can espresso beans be used to make hand-brewed coffee? What is the difference between Italian mixed beans and hand-made single beans? What are the characteristics of SOE coffee beans?
- Big battle! Mixue Ice City has opened three stores in the United States?!
- Lucky launches rice milk latte! Netizen: After drinking it, I thought I bought it an ordinary latte
- Remove the perimeter! Naixue's largest flagship store in the world quietly closed!!
- Manner Co-branded Cup is a literary style?! Netizen: I almost didn't recognize it
- How to make bubble ice American so that it will not spill over? Share 5 tips for making bubbly coffee! How to make cold extract sparkling coffee? Do I have to add espresso to bubbly coffee?
- Can a mocha pot make lattes? How to mix the ratio of milk and coffee in a mocha pot? How to make Australian white coffee in a mocha pot? How to make mocha pot milk coffee the strongest?