The GoLocal news organization for Providence RI ran a small piece this week in which it proudly cited a study released by Clever Real Estate of the Best (and Worst) Coffee Cities in America. Providence, not far from the Dunkin’ headquarters in Canton, Massachusetts, was proud of coming in as the 5th best coffee city…
Read More »We noted a few weeks ago that the International Coffee Organization (ICO) released its annual coffee report. The ICO expects production to be lower for 2020, declining by just less than 1% at 167.4M bags. The full ICO report, which can be accessed here, points to a slowdown in the global economy as well as…
Read More »One note of concern we came across was that due to an unexpected frost damaging the coffee crops in some regions of Brazil, the cost of Arabica beans hit a seven-month high last week. There was an interesting little dichotomy in comparing two different ranking of favorable states that were released this week. First, CNBC…
Read More »The big news in the coffee space this week was the announcement that Starbucks Executive Chairman Howard Schultz was stepping down amid rumors that he’s considering a presidential bid in 2020. Beyond that, we noted the company also announced it will expand its Mercato foods to go to its 300 Los Angeles stores and of…
Read More »It appears Starbucks has shut off beer and wine sales in 400 of their stores around the country, apparently ending their two-year experiment with drawing more customers to their shops for evening beverages. The company now plans to focus more of that effort on building the day part base and expanding their new premium Roasteries…
Read More »George Mason University released a report this week entitled “Ranking States Fiscal Health” that identified Alaska, Nebraska, Wyoming and both North and South Dakota as the 5 healthiest states by virtue of their fiscal condition. On the flip side of the measure, Connecticut was the worst (after Puerto Rico – a US Territory, not a…
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We noted that Tim Horton’s plans to increase the price of a cup of coffee at their Canadian locations next Wednesday by $.10 per cup. In addition, the chain also plans to increase the price for their breakfast sandwiches across all provinces except Ontario. There was no specific mention of increases in US stores. Speaking…
Read More »J.M. Smucker this week announced that their list prices for packaged coffee products would rise by an average of 9% as a result of increased green coffee costs. It is the company’s first increase in coffee prices since May, 2011 and will only affect coffee products in the supermarket channel. K-cup prices have not yet…
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In light of the bad weather in Brazil these past few months, it is likely that coffee prices will be on the rise once again. There was a sustained drought during the growing season and then damaging flooding during the harvest. Arabica coffee prices surged 94% this past month to a high of $2.144 on…
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With rain easing the drought that has plagued Brazil over the past few months, coffee prices have gotten back on the roller coaster for a ride with the most pronounced swing in prices of the past ten years. Coffee futures surged some 89% in 2014 to March 12, but have since fallen 16%. Still, coffee…
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