Coffee bean production drops sharply, China becomes a new source of Starbucks
Coffee production in Brazil, a coffee producer, has plummeted due to weather, disease and other damage, according to Business Insider. Starbucks, the world's largest coffee chain, has turned its attention to the Chinese market.
From January to September, Starbucks imported nearly 14000 bags of Arabica coffee beans (arabica beans) from China, more than five times the amount imported last year, according to PIERS, a seaport import and export information service.
A number of companies, including Starbucks and Nestl é, have set up coffee bean purchasing sites in Yunnan, China, the report said. Volcafe, the US food company, has also said it will set up a branch in Yunnan, China, to buy and sell coffee beans, marking the growing global popularity of the Chinese coffee bean market.
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Arabica coffee jumped to an one-month high
ICE Arabica coffee futures jumped to an one-month high on Wednesday, rising above $2 for the first time in about a month as technical buy signals prompted investors to cover short positions and trigger automatic buying. ICE raw sugar futures rebounded after falling for four days, while cocoa futures rose slightly. ICE- March Arabica coffee futures closed up 6.20 cents, or 3.2%, at $2.0135 per pound, or 10%.
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Century-old CAFFE PASCUCCI founded Commonweal Coffee Salon
Like Chinese tea culture, coffee as a global consumer drink also contains rich history and connotation. British rigor, French gaudy and American coffee are all telling the charm of coffee with the culture of their respective countries. Compared with others, espresso, as a coffee representative with a long history, often reflects the taste and connotation of a coffee lover. One comes from
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