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
- How to do proportional steps for 400 times of foamed coffee? What is the reason why espresso cannot foam?
- How does coffee break out of rich layers? Which is better, washed coffee beans or sun-dried coffee beans?
- What are the five ways to drink American coffee? What is the difference between American coffee and Long Black? How to make quicksand ice American style? How to pull flowers in American coffee? Can I take milk in American coffee?
- What's so good about Blue Mountain, which ranks first in the world's top coffee beans? What grade does Blue Mountain Coffee belong to? What are the characteristics and taste of Blue Mountain Coffee?
- How to draw flowers in American coffee? Can American coffee draw flowers? What is the principle of latte flowers? How to kill the milk foam of coffee flower?
- Is it better to use lightly baked beans or deeply baked beans for mocha pot coffee? How to use and make a mocha pot! What should I do if the Mocha pot has a splash problem?
- What does special coffee mean? What beans are the best to make special coffee? Do you make special coffee with espresso or cold extract? Why is specialty coffee the "cocktail" of the coffee industry?
- Coffee shop specialty American production ratio step by step tutorial KFC apple bubble American practice
- What is the difference between the foam of a latte and white cappuccino? How thick should Latte's milk foam be made? What's the difference between a cappuccino and an Australian white latte?
- The right way to drink espresso! How to drink coffee best? Do I have to gulp dirty coffee?