JDE Peet's , one of the world's largest consumer coffee companies, on Wednesday reported better than expected first-half operating profit, and said it would meet full-year targets despite a spike in green coffee prices after frost struck Brazilian crops last month. CEO Fabien Simon said green coffee prices had already increased around 20% in 2020 and that the company is also facing increases in transportation and other costs this year -- but it expects to be able to pass those increases on to consumers. "Coffee is pretty unique category in the food and beverage space where headwinds and tailwinds of green coffee are passed through, and we expect that to happen again this time around," he said.
Bleary-eyed Britons don’t usually ponder the Brazilian weather when they reach for their daily caffeine fix, but the topic could hit them in the pocket before long. As a nation, we knock back an estimated 104m cups of coffee every day. However, industry experts are warning over the impact on our coffee intake from freak frosts savaging the harvests of the South American exporter. More than a quarter of the UK’s coffee imports come from Brazil, typically of the higher-quality arabica variety rath
IBM's Food Trust network will help coffee and cocoa farmers and buyers verify information on their supply chains.