New FAO study notes a nearly 40 per cent price surge in 2024 due to supply-side disruptions, primarily from unfavourable weather World coffee prices reached a multi-year high in 2024 – increasing 38.8 per cent on the previous year’s average – mostly driven by inclement weather affecting key producing countries,[Read More…]
Tag: coffee
Nestlé Spain invests €15Mn in two sustainable packaging lines in Girona
Nestlé is also building a new high-throughput line for Nescafé sachets, which will allow the product to be packaged in recyclable mono-material To continue promoting the production of products with recyclable packaging, Nestlé Spain has decided to invest around 15 million euros in its Nescafé instant coffee and Nescafé Dolce Gusto capsules factory located in[Read More…]
Nestlé reports solid 2024 performance sets ambitious growth plans
Nestlé expects organic sales growth to improve in 2025, though underlying trading operating profit margins may see short-term pressure due to increased investments Nestlé has announced its financial results for 2024, reporting a 2.2 per cent organic sales growth, with real internal growth (RIG) of 0.8 per cent and pricing[Read More…]
Emirates’ vision for vegan customers highlights innovative ingredients and culinary excellence
Emirates offers an impressive selection of 300+ vegan recipes, served on flights to 140 destinations worldwide Refined vegan cuisine is an important consideration at Emirates, as numbers of vegan customers continue to rise globally, and many non-vegan customers opt for vegan cuisine when flying, as a lighter option is often considered[Read More…]
MIFB 2025 hosts MNCC in collaboration with MSCA
This collaboration highlights MIFB’s commitment to fostering the country’s café culture while introducing the Malaysia Café Expo The Malaysian International Food and Beverage Trade Fair (MIFB) announced its partnership with the Malaysia Specialty Coffee Association (MSCA) to host the Malaysia National Coffee Championship (MNCC) from 2025 to 2027. This collaboration highlights MIFB’s commitment to fostering the country’s café culture while[Read More…]
Coffee cultivation reemerges as economic activity in Saudi
These initiatives align with the objectives of Saudi Vision 2030 The ancient profession of coffee cultivation in the Rijal Almaa Governorate has reemerged as a significant economic activity in the Aseer region of Saudi Arabia. This revival has drawn the attention of local farmers, who have revitalised historic farms known[Read More…]
Food price inflation exceeds overall inflation in 59.8% of 164 countries
Globally, 343 million people are acutely food insecure, a 10 per cent increase from 2023 Domestic food price inflation remains high in many low- and middle-income countries. Currently, 68.8 per cent of low-income countries experience inflation above 5 per cent, with rates also elevated in lower-middle-income (46.7 per cent), upper-middle-income[Read More…]
Japan’s TOPPAN acquires Sonoco food packaging business
This acquisition is highly complementary, combining the robust sales network, customer base, and solution development capabilities of Sonoco’s TFP business Japan’s TOPPAN Holdings has agreed with Sonoco Products Company (Sonoco), a global leader in high-value sustainable packaging, to acquire Sonoco’s Thermoformed & Flexible Packaging (TFP) business for approximately $1.8 billion[Read More…]
Tim Hortons opens first signature store in Malaysia
This flagship store aims to deliver an exceptional in-store experience, blending Canadian heritage Tim Hortons, the renowned Canadian coffeehouse, has officially opened its first signature store in Malaysia at Sunway Pyramid, bringing its rich coffee heritage and warm hospitality to local coffee enthusiasts. With over 60 years of expertise, Tim[Read More…]
ADB, ECOM sign $100 Mn loan to enhance coffee value chain in APAC
The agreement will benefit more than 62,000 smallholder farmers in India, Indonesia, Papua New Guinea (PNG), and Viet Nam The Asian Development Bank (ADB) has signed a $100 million loan agreement with ECOM Agroindustrial Corporation Limited and ECOM Agroindustrial Asia Private Limited (ECOM) to enhance the climate resilience of the[Read More…]
