Starbucks shares jump on the back of Q2 results

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As the bell rung at the New York Stock Exchange to signal the start of trading, shares in Starbucks began to slowly climb, before racing upwards in a manner that USA Today compared to a “late-day caffeine burst.”

The rise, in the region of 5%, came on the back of the global coffee giant’s publication of their second quarter revenues, which saw the company’s net revenues jump by 18% to $4.6 billion, and total same store-sales improve 7%. Profits are reported to be in the region of 16%.

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Pret a Manger staff can hand out free coffee

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Pret A Manger has ditched the idea of a loyalty card and has adopted a new, alternative method to keep customers coming back for more coffee. They’ll be handing out free cups of coffee, snacks and sandwiches to customers on an ad hoc basis.

“It’s totally random, maybe if someone’s extra nice of if they are a regular, of if they’ve bought a lot of things. There’s no rule,” explained one London based barista.

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Coffee loving parrot blamed for car crash

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After a few days away exploring the culture (and coffee) of Eastern Europe, we are back, rested and brimming with information and, importantly, recommendations! Upon our return we found this in our inbox. And it’s a humdinger of a ‘what on earth?!’ type of story.

According to Pennsylvania State Police, a thirty-five year-old woman crashed her car.

Why you ask?

Well it was because of her coffee obsessed parrot.

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NAEB moves to reassure the Rwandan coffee industry as global prices tumble

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The National Agriculture Export Development Board of Rwanda (NAEB) has taken steps to install confidence in the country’s coffee industry that an increase in crop quality will help protect farmers and exporters against the current – and expected – drop in prices on the global markets.

As we have noted previously on World Coffee Press, favourable weather conditions in key geographical areas has seen worldwide harvest levels rise, which has resulted in more supply than demand. As such, prices have tumbled.

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Coffee prices crash, but could pick up

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For a while last year, many people were riding the coffee wave.

#The absence of rain in certain key growing areas had starved supply and prices began to skyrocket as traders began to pay more and more for deliveries in order to get the stock that they and their employers needed.

Things escalated so much that Starbucks, the most prominent coffee chain in the world, took a step back and opted to go through their reserves rather than jump into a seller’s market.

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June decision for Lavazza’s purchase of Carte Noire

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Lavazza will have to wait two months before they will be in a position to solidify their apparent desire to acquire the Carte Noire coffee brand from Mondelez International.

“Negotiations will likely finish by the end of June,” Giuseppe Lavazza, the world famous coffee company’s Vice President, said earlier this week.

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CCRI believes to have found a solution to the white stem borer

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India’s troubles with the white stem borer could be over, if the latest study conducted by the Central Coffee Research Institute (CCRI) is anything to go by.

The white stem borer (Xylotrechus javanicus) has been especially prevalent in recent times, causing widespread crop loss on around one hundred plantations in the primary coffee growing areas of Karnataka state.

Farmers in Karnataka produce around seventy percent of India’s coffee.

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Taxing customers in Malaysian coffee shops

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The Malaysian state of Sarawak, one of two on the island of Borneo, has recently adopted a new Goods and Service Tax, which has seen the cost of a number of products rise in recent weeks. However media reports suggest that this tax is being used as a front by some rather devious coffee shop owners to, illegally, boost their revenues.

Fortunately though, most proprietors haven’t upped prices of their coffee menus. But the actions of a minority have drawn the ire of high ranking Malaysian officials.

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