Wednesday, March 22, 2017
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IVS Group reports solid growth, record figures, new acquisitions in 2016

GRAND DUCHY OF LUXEMBOURG – The Board of Directors of IVS Group S.A. (IVS.MI) chaired by Cesare Cerea, convened on March 21st, 2017 in Seriate (BG), has reviewed and approved the Annual Financial Report at 31 December 2016, the Management Report and related documents.

Growth in coffee spending set to outpace consumption in North America

MILAN – According to the Statista Consumer Market Outlook, 2016, growth in North American and European coffee spending is set to outpace any increase in consumption over the next few years. The CAGR (compound annual growth rate) of spending from 2015 to 2020 is forecast see positive growth of three percent ...

Vietnam has become the fourth biggest instant coffee exporter worldwide

HANOI, Vietnam – Vietnam has risen to fourth place among instant coffee exporters worldwide in 2015, with total expected shipment of 67,500 tonnes, up 25 percent from previous year, according to the Vietnam Coffee and Cocoa Association (VICOFA). In the past few years, instant coffee plants have sprouted up in the country ...

Ernesto Illy Foundation supports the World Happiness Report 2017

NEW YORK, U.S. — The World Happiness Report 2017, which ranks 155 countries by their happiness levels, was released yesterday at the United Nations at an event celebrating International Day of Happiness. The report, the fifth one to come out since 2012, continues to gain global recognition as governments, organizations and ...

Papua New Guinea yet to determine spread of coffee borer beetle

PORT MORESBY, Papua New Guinea – Authorities in Papua New Guinea are scrambling to determine how far coffee borer beetle has spread across the country. Native to Africa, the beetle is considered one of the most harmful coffee crop pests in the world. The Ministry of Agriculture said 80 percent of PNG's coffee production could be lost if ...

Ten Peaks Coffee announces resignation of director Donald Schroeder

VANCOUVER, British Columbia – Ten Peaks Coffee Company Inc. ("Ten Peaks" or the "Company") yesterday announced that Donald Schroeder has stepped down as a director of the Company in order to pursue his other business interests. Mr. Schroeder has been a director since October 2014.

The Mocha Frappe Index shows wobbly prospects for soft commodities

SINGAPORE – The Mocha Frappe Index, made up of prices of what goes into your everyday mocha frappe — cocoa, sugar and coffee, does not look rosy. New York May cocoa futures, which traded above US$3,000 (S$4,205) per tonne in August last year, skimmed the low of US$1,869 early this month.

MZB Group announces extension of deadline for submission of candidates

MILAN, Italy - Massimo Zanetti Beverage Group S.p.A. announces that by the date of expiry of the term for the filing of lists related to the appointment of Members of the Board of Statutory Auditors (17th March 2017), which will be submitted to the Shareholders’ Meeting on 11th April 2017, has been filed only one list ...

Unseasonal heavy rains take the flavor out of Vietnamese coffee crop

HO CHI MINH CITY, Vietnam – Heavy rain that hit swamped Vietnam's 2016/2017 coffee harvest has raised the ratio of low-quality beans and defects, traders said on Wednesday, with one major exporter saying quality is at its worst in nine years. Unseasonal rain that fell from October-December last year in Vietnam's Central Highlands coffee belt ...

Ferrero International to acquire U.S. company Fannie May Confections

LUXEMBOURG — Ferrero International has entered into an agreement to acquire Fannie May Confections from, Inc., Carle Place, N.Y. The company has one manufacturing plant, two distribution centers and employs 750. Once the transaction is complete, Ferrero said Fannie May will operate as a standalone entity and brand ...