coffee
Coffee prices hardly increased in the EU in March, they inched up by 1% on average, hitting a 32-month-low inflation rate for this category. This compares to the hair-raising pace of growth last March when the commodity jumped by 13.5% in yearly comparison. The inflation rate for coffee has been declining since October 2022, when it was at its highest, reaching 17.4%. Although the increase in coffee prices slowed down in the EU overall, there are significant differences across countries. The highest inflation rates were registered in Croatia where coffee cost 7.4% more than last March. This ra...
Euronews (English)
Lavazza, which already owns some 20% of IVS shares, has offered to buy the rest from other investors at €7.15 per share, offering an 11% premium compared to Monday's closing price. If the sale goes ahead, Lavazza will own an extra 28.36% of IVS, meaning IVS would be removed from the stock exchange. The buyout offer, valuing IVS at €647 million, is the result of a previous agreement Lavazza made with IVS's majority shareholder, giving the Turin-based coffee giant the possibility of assuming full control of IVS starting in 2027. "The structure of the operation, in the event that, starting from 2...
Euronews (English)
An artisan roastery based in the Finnish capital has introduced a coffee blend that has been developed by artificial intelligence in a trial in which it’s hoped that technology can ease the workload in a sector that traditionally prides itself on manual work. It is only apt that the Helsinki-based Kaffa Roastery’s “AI-conic” blend was launched in Finland, a Nordic nation of 5.6 million that consumes the most coffee in the world at 12 kilograms per capita annually, according to the International Coffee Organization. The blend — an AI-picked mixture with four types of beans dominated by Brazil’s...
Euronews (English)
An estimated six million tonnes of used coffee grounds are created annually. Most go to landfill, generating methane and CO2, or are incinerated for energy. It’s an obvious waste of a byproduct still rich in compounds (if not flavour). On a domestic level, try directing your cafetiere contents to your garden, not your bin: used coffee grounds are excellent as an addition to home compost bins and wormeries, a mulch for roses and a deterrent to snails. And on a global scale, science might have the answer. A new study in the Journal of Chemical Technology and Biotechnology suggests that used coff...
Euronews (English)
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