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IVS Group S.A.: Interim Consolidated Report shows significant growth

GRAND DUCHY OF LUXEMBOURG – The Board of Directors of IVS Group S.A., convened on May 25th, 2017, and chaired by Cesare Cerea, reviewed and approved the Interim Consolidated Financial Schedule at 31 March 2017, showing a significant growth of the group’s results.

Vietnam’s output to near 2016 yield says Coffee and Cocoa Association

HCM CITY, Vietnam — The 2017-18 coffee crop is expected to be around 1.4 million, which is equal to or slightly lower than last year’s crop, according to the Việt Nam Coffee and Cocoa Association. Nguyễn Nam Hải, the deputy chairman of the association, said the annual coffee crop would enter the harvest season in October or November.

Autogrill: strong revenue growth (+5.1 percent) as of 30 April 2017

MILAN – The Board of Directors of Autogrill S.p.A. today examined and approved the consolidated revenue performance, as of 30 April 2017. Autogrill posted robust growth in the first four months of 2017. Global revenue growth was driven by the strong +4.8% like-for-like performance across the board.

Energy drinks market reaches historic milestone in the United States

ROCKVILLE, MD, U.S. – The US energy drinks market recorded an annual increase of seven percent over the last five years, according to market research firm Packaged Facts. The report entitled ‘Energy & Sports Drinks: U.S. Market Trends & Opportunities’ claimsthat between 2011-2016, year-over-year gains were the result of ...

Gain Report sees Brazilian production at 52.1 million, down 7% on year

SAO PAULO, Brazil – ATO/Sao Paulo forecasts Brazil’s coffee production for Marketing Year (MY) 2017/18 (July-June) at 52.1 million 60-kg bags, a decrease of four million bags compared to MY 2016/17, due to the off-year of the biennial production cycle of trees in the majority of Arabica growing regions.

Tropical Pacific remains warmer than average, says Australia’s BOM

MELBOURNE, Australia – The El Niño–Southern Oscillation (ENSO) remains neutral. With the tropical Pacific Ocean warmer than average, and around half the international climate models reaching El Niño levels later in the year, development of El Niño in 2017 cannot be ruled out.

South Koreans had 377 cups of coffee on average last year: Report

SEOUL, South Korea – South Koreans drank a total of 377 cups of coffee per person on average last year, mirroring brisk growth of the sprawling market fueled by a flurry of various franchises, a government report showed Wednesday. The average coffee consumption, based on South Koreans aged over 20, has grown at an ...

Chocolate could get more expensive due to unrest in Cote d’Ivoire

ABIDJAN, Cote d’Ivoire – The price of cocoa extended its biggest weekly rise in five years as a revolt unravels in Cote d’Ivoire, which produces almost half of the world’s cocoa beans. The African country’s army has failed to reach a deal with mutinous soldiers who are demanding delayed bonus payments.

Vietnam vows to reorganize coffee production and improve quality

HANOI, Vietnam - Vietnam’s coffee productivity is three times higher than the average level globally, but the profit that coffee growers pocket is low because of poor competitiveness and unstable output. With export volume of 1.8 million tons and export turnover of $3.35 billion, coffee was the biggest farm export item in 2016.

Rwanda: New mill in Kigali primed to boost specialty coffee exports

KIGALI, Rwanda – A new dry coffee cherries processing mill got its cogmills running in Kigali, last week, with officials saying the plant will help boost Rwanda's specialty coffee exports. The factory, at Kigali Special Economic Zone, already has an installed equipment, worth $700,000 (about Rwf585 million), and ready to process coffee.