Brazil’s total coffee exports have risen by 1.5 per cent compared to the same period last year, according to a report from the Brazilian Coffee Exporters Council (Cecafé). Shipments of coffee in all forms out of Brazil in February totalled 2.785 million 60-kilogram bags. Shipments of Arabica green beans were up by 9.3 per cent on the same period last year, totalling 2.435 million bags, while shipments of 68 million bags of Robusta represented a 73 per cent drop on the previous year’s figures. Shipments of soluble coffee grew by 7.8 per cent, to 281,000 bags. However while total volumes were up, low prices meant that income from the shipments was down by 23.1 per cent on last year, totalling $411 million, the report said.
New Starbucks CEO pledges to get company back on track
In his first week in his new role, Starbucks CEO Brian Niccol has published an open letter pledging to "refocus...