Coffee

Coffee Trader NKG Expands Into China To Tap Surging Demand

German coffee trader Neumann Kaffee Gruppe (NKG), one of the world's largest coffee merchants, has opened a subsidiary in China.

JDE Peet's Raises 2024 Guidance After Beating H1 Expectations

Coffee and tea company JDE Peet's has raised its full-year sales growth forecast, after beating half-year expectations.

Nestlé Cuts Sales Growth Outlook As Consumers Become More Cost-Conscious

Nestlé lowered its sales outlook, noting it had to slow its pace of price hikes earlier than it would have liked as consumers have become increasing...

Nestlé, Mars Wrigley, Ferrero Back EU Deforestation Law, Document Shows

Consumer goods giants including Nestlé, Mars Wrigley and Ferrero have backed the European Union's upcoming ban on imported goods linked to deforesta...

Brazil Coffee Harvest Advances Quickly, Lower Yields Reported

The coffee harvest in Brazil, the world's largest producer, has progressed quicker than normal this year, reaching around 60% for arabica fields and aroun...

World Coffee Prices Hit 13-Year High

World coffee prices reached their highest level in the last 13 years, after an increase of 8.9% in June 2024.

Brazil Brews Up Record Coffee Exports In May

Brazil exported 4.4 million bags of coffee in May, surpassing the previous record for the month.

JM Smucker Beats Quarterly Profit Estimates On Price Hikes

Jif peanut butter maker JM Smucker topped Wall Street estimates for fourth-quarter profit, helped by higher prices of condiments and frozen food as well as...