Analysts on average were expecting a 3.0% increase in first-quarter underlying sales growth, according to company-supplied estimates
Coffee cafe brand Gloria Jean's Coffees on Monday said it is targeting to open 40 outlets across metros and mini-metros in India in the next three years. Bengaluru, Mumbai, Delhi NCR and Hyderabad would be the main market with multiple outlets in each city, a press release said. The brand would also be revamped to offer fresh and live food at all outlets, that are to be a game-changer in the caf industry, the release said. Jay Jay Capital & Investments promotes and partially owns GJC Hospitality Pvt Ltd which is the master franchise company for Gloria Jeans Coffee in India, it said. Gloria Jeans offers a variety of cold and hot coffees, chillers, quick bites, and muffins and pastries. At Gloria Jeans, we take our coffee very seriously, so not only does it taste great, but we also make sure we buy from suppliers that look after both their workers and the environment," CEO of Jay Jay Capital & Investments Pvt Ltd Rohit Malhotra was quoted as saying in the ...
Kenya's coffee production is tumbling - the U.S. Department of Agriculture forecasts the 2019/20 harvest will hit a 57-year low.
ICO maintains its preliminary forecast of a small global deficit of about 502,000 bags in coffee year 2019-20
Karnataka suffered a crop loss in around 97,365 hectares out of the total bearing area of 2,26,244 hectares of coffee and spices plantations
Brisk sales seen in offline model, farmers in tribal belt take to planting the variety in a big way again
Coffee production is expected to come down by 14 per cent as against last year's post blossom estimates. The crop loss due to heavy rains in the traditional coffee tracts in South India is estimated to be around 75,000 MT. According to Coffee Board, total post blossom estimate in 2017-18 was 3,50,400 MT, including 103,100 MT of Arabica and 247,300 MT of Robusta.The Coffee Board has made an initial assessment of 1500ha of land lost and a crop loss of 82,000 tonnes.However, compared to the estimates made in the beginning of the season at sowing tome, loss looks even bigger at 20 per cent. "We expect a total crop of 300,000 as against our pre monsoon estimate of about 3,75,000 MT, said Ramesh Rajah, president, Coffee Exporters Association.The estimate for the 2018-19 season is 85,000-90,000 tons of Arabica and 200,000-2,10,000 MT of Robusta.Rajah said due to flood the coffee industry has been directly hit. "There are many numbers being mentioned and so making a reasonable crop estimate ..