Luckin Coffee secures $500m coffee supply deal in Brazil
Luckin Coffee has entered into a memorandum of understanding (MoU) with the Brazilian Trade and Investment Promotion Agency (ApexBrasil).| Verdict Food Service
Luckin Coffee has entered into a memorandum of understanding (MoU) with the Brazilian Trade and Investment Promotion Agency (ApexBrasil).| Verdict Food Service
The China-Brazil High-Level Coordination and Cooperation Commission is the primary bilateral dialogue mechanism between the two countries. During the session, eight intergovernmental instruments were signed, 30 outcomes were announced, and 11 private sector agreements were made across several areas| Ministério da Agricultura e Pecuária
Aggressive discounts have raised turnover for firms like e-commerce giant Pinduoduo, but economists fear they entrench a Japanese-style deflationary mindset in consumers| Asia Financial
Consolidation is happening in green coffee trading, with increased competition, high interest rates and lower profit margins. Smaller green coffee traders will need to adapt in order to survive, either through wise financial partnerships or adapted business models.| Coffee Intelligence
Cotti Coffee opens a new outlet in Australia as part of its international expansion model, following other Chinese brands. If it takes off, this could herald a new era of Chinese influence for coffee drinkers.| Coffee Intelligence
The Coffee Exporters Council (Cecafé) reported that Brazilian exports to China grew 153.9 percent in January, compared to the same month in 2023.| Fundación Andrés Bello | China Latinoamerica
Starbucks just reported it has drastically cut its full-year revenue growth forecast. The iconic US coffee chain's shares have plunged by 16%, with key market declines in the US and China. Fierce competition in both markets will make it hard for Starbucks to recover without a significant pivot.| Coffee Intelligence
