Coffee production in Indonesia has fallen by 10% this year.
El Ni ñ o could lead to a 10% drop in coffee production in Indonesia this year, the worst El Ni ñ o in nearly two decades, leading to a dry climate, crop damage and delayed harvesting.
Some farmers, the world's third-largest grower of robastian coffee, may harvest 570000 metric tons of beans in the season that begins in April, according to a median compiled by Bloomberg based on the estimates of five traders. That's down from the previous year's record of 636300 metric tons. This will be the sharpest decline since 2011 and 2012, according to USDA data.
The decline in Robastian coffee production in Indonesia will reduce its supply to Nestl é, which will lead to a rebound in futures in London this year. The Indonesian Bureau of Meteorology, Climate and Geophysics said the worst El Ni ñ o since 1997 and 1998 was the main cause of drought in the southern part of Sumatra, the country's main coffee producing area last year.
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Starbucks plans to open 5000 stores in China Media: promoting Coffee Culture to the Middle Class
In an interview at an ice room-style Starbucks store, Wang Jingying explained her thoughts since she became Starbucks' first director of China operations in late October. We will definitely create more than 10,000 jobs a year in China in the next five years, she said. We open 500 stores a year and aim to reach 5000 by 2021. Wang Jingying, 44, has been working in Fortune Chinese since 2012.
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The domestic coffee market has ushered in a period of rapid development-a large number of domestic coffee brands have grown.
Pacific Coffee, a chain of American-style coffee, is headquartered in Hong Kong. as of April this year, the number of stores in the world has reached 477, of which 329 in the mainland will expand its business in the mainland by way of franchise stores. According to public information, the total number of British COSTA coffee outlets on the mainland reached 344 in 2014 and plans to double the number of stores to 900 by 2020.
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