Coffee News Recap, 20 Sep: Arabica prices hit 13-year high, 2024 WAC takes place in Lisbon & other stories

Every Friday, Perfect Daily Grind rounds up the top coffee industry news from the week. 

Editor’s note

On Thursday 19 September, one of specialty coffee’s most eminent competitions – the World AeroPress Championship – kicked off in Portugal. All eyes will be on Lisbon this weekend to see who takes home the coveted golden AeroPress.

Aside from key industry events taking place this week, Starbucks’ North American CEO announced his retirement after just six months holding the position. His announcement also comes days after Brian Niccol started his tenure as the company’s new CEO and chairman, vowing to revitalise the brand’s coffeehouse culture. Whether the two events are related is up for debate, but Starbucks is set to undergo further major leadership changes regardless.

Shortly after the announcement that robusta futures hit a record high, the C price also hit a 13-year high of its own on 16 September. At a time when traders are struggling more than ever, this poses even more challenges for the market. Roasters and coffee shops are also sure to feel the squeeze – and as the trend of pivoting to blends and more affordable origins prevails, it seems there’ll be no signs of it slowing any time soon.

A person hold green arabica beans.

Top stories of the week

  • Mon, 16 Sep –Starbucks’ North America CEO retires after five months. Michael Conway first joined the company in 2013, and assumed the North America CEO role in April 2024 as Starbucks faced declining sales. His departure coincides with the arrival of the company’s new CEO Brian Niccol, who has vowed to restore the brand’s coffeehouse culture. (Seattle, Washington, US)
  • Tue, 17 Sep – Robusta futures reach new highs. London’s November contracts rose by US $57 to US $5,303/tonne – setting a new record high. Intraday levels, meanwhile, remained below Monday’s historic peaks of US $5,486/tonne. (London, UK)
  • Thu, 19 Sep – Fair Trade USA founder Paul Rice to step down as CEO. After 26 years, Rice will leave his position and join the organisation’s advisory council. He will remain as founder until year-end, while COO Felipe Arango will assume the interim CEO role. (Oakland, California, US)
  • Thu, 19 Sep – The 2024 World AeroPress Championship begins in Lisbon.Taking place at Suspenso event space, this year’s edition includes a welcome party on 19 September, a coffee presentation and AeroPress Invitational (where international invitees will compete against industry legends) on 20 September, and the main competition on 21 September. The event will also include a Roaster Village featuring some of Europe’s best roasters. (Lisbon, Portugal)

Industry news

  • Tue, 17 Sep – Zamp plans 1,000-store expansion for Starbucks in Brazil. Backed by Mubadala Capital, expansion plans will focus on major cities and airports like Rio de Janeiro and São Paulo. The strategy includes exploring various store sizes to meet anticipated demand. (São Paulo, Brazil)
Onyx Coffee packaging next to two glass mugs and an Origami brewer.

New launch

  • Wed, 18 Sep – SOWN launches oat cold-foaming cream. The vanilla-flavored oat cream can be added to cold brew and iced lattes, and produces stable cold foam in under 30 seconds. (Minneapolis, Minnesota, US)
  • Wed, 18 Sep – Cometeer to release high-scoring Stellar Series. The company has partnered with Cup of Excellence-winning farms and prestigious roasters – including Guatemala’s El Socorro and George Howell Coffee – to launch six flash-frozen premium capsules. (Gloucester, Massachusetts, US)
  • Wed, 18 Sep – Onyx Coffee Lab unveils new packaging to spotlight producers. The roaster’s new packaging includes interactive cards for its single origin coffees, which include information about the farmer, region, and processing method. Each card comes with scannable codes offering access to videos, interviews, and more. (Rogers, Arkansas, US)
  • Thu, 19 Sep – The April Hybrid Brewer to launch this fall. Soft launched at World of Coffee Copenhagen, the manual brewer features an open-close valve to switch between percolation and immersion brewing. (Copenhagen, Denmark)

Milestone

  • Mon, 16 Sep – illy’s Università del Caffè celebrates 25 years. Since its launch, Università del Caffè has trained over 350,000 people, including producers, baristas, and coffee enthusiasts. Led by 50 certified instructors, courses are available in countries around the world. (Trieste, Italy)

Trade & production

  • Wed, 18 Sep – Brazil to sign US $2.5 billion supply contract with Luckin Coffee. In June 2024, the Chinese coffee chain agreed to buy US $500 million worth of coffee from Brazil. At a recent event with President Luiz Inacio Lula da Silva, President of Apex-Brasil Jorge Viana hinted at another upcoming announcement from Luckin Coffee, expected to be made during the G20 summit in November. (São Paulo, Brazil)

Research

  • Fri, 20 Sep – Out-of-home consumption in US reaches pre-pandemic levels. The National Coffee Association’s latest report finds that while home remains the most popular place for coffee consumption in the US, 36% of past-day coffee drinkers reported having coffee out-of-home – the highest level since January 2020. (New York City, New York, US)
Attendees at The Barista League Denver 2024 event.

Events

  • Mon, 16 Sep – Fairtrade hosts Golden Cup final in Honduras. The competition aims to highlight coffee quality and climate practices. Miguel Ángel Rivera placed first in the best blended coffee category for his coffee forest nursery. Winning samples will be showcased at international trade shows in 2025. (Tegucigalpa, Honduras)
  • Mon, 16 Sep – The 2024 Best of Yemen auction to take place on 8 October. The sixth edition of the private auction will focus on regenerative agriculture and indigenous farming knowledge. A total of 36 lots are available to purchase, with the top-scoring coffee receiving 90.30 points. (Sanaa, Yemen)
  • Mon, 16 Sep – Equal Origins to host webinar series to advance gender equity in the coffee chain. The non-profit will run three virtual sessions designed to help coffee brands advance gender equity in their programmes and projects. The first webinar – Collaborative Session: Designing Your Action Plan to Advance Gender Equity – will take place on Tuesday 24 September at 11:00 EST. (Washington, DC, US)
  • Fri, 20 Sep – Caffè Culture announces full 2024 speaker line up. As part of the Caffè Insights and the Roasters Forum programmes organised by Sucafina, the 2024 event will host a series of talks and panels featuring industry leaders and experts, including Maxwell Colonna-Dashwood, Jessica Worden, and Dr. Aaron Davis. Caffè Culture will take place in London on 1 & 2 October. (London, UK)

Competitions

  • Mon, 16 Sep – The Barista League to return to Barcelona on 28 September. The barista competition will take place at Hidden Coffee Roasters. Guest judges will include Andre Barretto (Coffee XP), Dani Sánchez (MAE Coffee Liaison), Eira Scheper (Eira’s Coffee), and Elizaveta Vagabova (Unity Coffee). (Barcelona, Spain)

Here are a few coffee news stories from previous weeks that you might find interesting. Take a look:

  • Fri, 13 Sep – Wine production increases in some of Brazil’s prominent coffee-growing regions. Inspired by Coffee and Wine by Morten Scholer, the Brazilian Rural Society hosted an event to highlight the synergy between coffee and wine production. Speakers discussed innovative processing techniques, dual production, and the potential for Geographical Indication for local wines, showcasing the growing trend of combining coffee, wine, and tourism. (Espírito Santo do Pinhal, Brazil)
  • Fri, 13 Sep – Reliance Retail launches Armani/Caffè in India. Reliance Retail partnered with Italian designer fashion brand Giorgio Armani in 2022 to launch the Michelin-starred café in the country. Located next to the Armani boutique store at Jio World Plaza, the new location serves Italian cuisine, premium coffee, and wine. (Mumbai, India)

Photo credits: Mavick Media, Onyx Coffee Lab, The Barista League

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Want to keep up with current affairs in the coffee industry? Check out last week’s coffee news stories and make sure to read the latest Coffee Intelligence News & Opinion piece about how Keurig and Black Rifle are capitalising on the energy drink boom.

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