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Luckin Coffee apologizes for sales fraud, says stores remain open as usual

MILAN – Luckin Coffee apologized Sunday regarding the fallout from its sales fraud on Monday, and its senior executives in...
arabica

Ico Report: Arabica prices record double-digit hike, Robustas reach new lows

LONDON, UK – In March 2020, prices for all Arabica group indicators increased due to concerns over the availability of tha...

Colombia ‘s coffee production falls 12% in March, exports are 21% down

BOGOTA, Colombia – In March, coffee production in Colombia, the world’s largest producer of mild washed Arabica, was 806,0...

Intercontinental Exchange reports record March and first quarter volumes

ATLANTA & NEW YORK, U.S. – Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clea...

Luckin Coffee shares plunge over 75% after investigation finds COO fabricated sales

MILAN – Luckin Coffee Inc. shares sank over 75% in Thursday trading after an internal investigation found that its chief o...

Luckin Coffee provides certain information related to ongoing internal investigation

BEIJING, China – Luckin Coffee Inc. (“Luckin Coffee” or the “Company”) yesterday announced that the Company’s Board of Dir...

Robusta harvesting starts to step up in Rondônia, reports Cepea

SAO Paulo, Brazil – After the harvesting beginning of early Robusta crops (2020/21), in mid-March, activities started to s...

Allset raises $8.25M Series B amid increased demand for online takeout orders

LOS ANGELES, U.S. — Los Angeles-based food pre-ordering service Allset has announced it has raised $8.25 million in Series...

Covantis launches as legal entity, announces CEO and executive appointments

GENEVA, Switzerland – Covantis, the industry initiative that aims to modernize global trade operations, announced today it...

Coffee exports from Vietnam are expected to fall by 7.8% to 7.33 million bags in Q1

MILAN – Vietnam ’s coffee export for the month of March will reach approximately 2,500,000, according to a preliminary est...