Latest news with #Robusta
Bloomberg
2 days ago
- Business
- Bloomberg
Coffee Rebounds Following Brazil Export Decline and US Tariff Threats
Coffee futures gained as a decline in shipments from top grower Brazil threatens to tighten global supplies in a market that's already under pressure from the threat of US tariffs on the country's goods. The most-active contract of the premium beans rose as much as 2% in New York, while the robusta variety was up 2.9% in London.
Telegraph
3 days ago
- Telegraph
The 10 best coffee houses in Hanoi
From narrow alleyway haunts to clandestine design spaces, Hanoi's coffee houses offer extraordinary variety. Punchy Robusta beans power iced Vietnamese coffee (espresso is usually made with Arabica), often sweetened with condensed milk, yoghurt, coconut or egg yolk. This creates a dark, syrupy brew that lands somewhere between dark chocolate and melted coffee ice cream. As Hanoi has become increasingly cosmopolitan, so too has the city's café culture, promising that an artisanal latte is never more than a few streets away. Coffee shops open early and close late, and many double as smoothie bars, tea houses, art galleries and music venues. The vibe is generally unhurried, the seating is usually diminutive, and the drinks are reliably affordable – rarely more than a pound or two. Here are the best places to sample the local brew, including cosy coffee shops for quiet reflection and a couple of bakeries for sweet treats. All our recommendations below have been hand selected and tested by our resident destination expert to help you discover the best coffee houses in Hanoi. Find out more below, or for more Hanoi inspiration, see our guides to the region's best hotels, restaurants, bars and things to do. In this guide: Best for the local brew Bancong This former Art Deco townhouse is now a gigantic café restaurant spread over several floors. The balconies are the café's standout feature ('bancong' is balcony in Vietnamese), as they offer elevated views over one of the Old Quarter's busiest crossroads. You'll find a range of coffees on the menu, but it's hard to pass up the coconut coffee, made with condensed milk, coconut milk, dried coconut and crushed ice, making it more like a dessert. Café Nuoi This tiny one-room corner café is about as classic as it gets, with cream walls, wooden stools and a retro sign that has probably been around for decades. The menu is startlingly large for such a miniscule coffee shop: in addition to classic Vietnamese coffee, they also serve tea and hot chocolate, as well as smoothies and juices made with fresh tropical fruit. When it gets too busy inside, the family that runs the place lines the outside walls with little plastic chairs. Address: 32 Luong Van Can, Hoan Kiem Loading T This early 20th century building once belonged to a wealthy merchant, but was appropriated by the government in the 1950s and split into more than a dozen family dwellings. The façade, though faded, still has the grand imperial staircase and olive-green shutters that would have been the envy of neighbours 100 years ago. Lead barista and co-owner Hoang Tuan Son brews several of Hanoi's speciality coffees, but it's his egg coffee that earned the café its fame. Café Duy Tri This might just be the best traditional Vietnamese coffee in the city, and the house – a spindly, multi-floor structure that hasn't changed in decades – will leave a strong impression. They specialise in an aromatic traditional Vietnamese drip coffee with condensed milk, but you might want to opt for their homemade yoghurt instead. Pair this one-of-a-kind coffee shop with fresh rice dumplings from Banh Cuon Nong Ho Tay, which is just across the road. Address: 43 Yen Phu, Tay Ho Return to index Best quiet, cosy cafés Blackbird (5 Chan Cam) Opposite Loading T, Blackbird excels at espresso-based coffees, but there's also French press, pour over and cold brew scribbled on the blackboard menu. The streetside seating offers views of the magnificent townhouse opposite, home to Loading T, while the intimate interior is a cosy place to warm up during Hanoi's chilly winter months. Keep your eyes peeled for the several other Blackbirds dotted around the Old Quarter. Phin Bar by refined This coffee shop sits just steps away from the Temple of Literature, so you can pop in for a quick pick-me-up before or after exploring the iconic Hanoi sight. Refined, the parent café, specialises in premium grade Robusta beans selected from boutique farms. This is where you can see the true potential of traditional Vietnamese coffee. While Phin Bar offers some welcome calm, grab the outside table if you can – it affords views of the temple. Website: Toka Coffee Stand Toka is one of a handful of cafés tucked down a quiet street that is quickly becoming one of Hanoi's hippest, understated enclaves. Seating wraps around a gorgeously weatherworn colonial-era townhouse while the smiley young baristas conjure up photogenic cappuccinos inside – a skill not lost on the ever-present gaggle of selfie takers. Toka only has a handful of tables, so if it's too busy then continue down the street for a broader selection of equally alluring coffee shops. Memoire 15 Attached to the rooftop of a narrow tube house, Memoire 15 serves its carefully crafted coffees with sunset views over the Old Quarter. Parasitic architecture – when new extensions are attached to old structures – are integral to Hanoi's aesthetic, but Memoire 15 has literally taken the concept to a whole new level. If you're already overly caffeinated, try their salted apricot juice, a traditional Hanoi favourite. Best for sweet treats BAKED and Friends If you find yourself in West Lake looking for something sweet, tuck into one of the cookies or cupcakes at BAKED. Singaporean baker Sheereen Amran usually has one or two fusion specials on the go, like baklava cheesecake and banana Biscoff cupcakes. The café itself is a friendly neighbourhood spot tucked away on a side street set back from the lake and overlooking a scruffy pond. Gau Coffee & Bakery Gau serves French pastries and other baked goodies alongside its western and Vietnamese coffees. The café opens at 7am, so if you're up early to explore the lake at dawn, you might want to retire here for coffee and cake afterwards. The classic croissant rivals a Parisian boulangerie, but the almond croissant is just as tempting. A broad pavement section outside means you can watch the world go by while munching on breakfast. Return to index How we choose Every café and coffee house in this curated list has been tried and tested by our destination expert, who has visited to provide you with their insider perspective. We cover a range of budgets, from neighbourhood roasteries to high street favourites – to best suit every type of traveller's taste – and consider the food, drinks, service, atmosphere and price in our recommendations. We update this list regularly to keep up with the latest opening and provide up to date recommendations. About our expert Joshua Zukas I've spent two decades digging deep into Vietnam, with over ten years rooted in Hanoi. When I'm not unearthing new neighbourhoods in this ever-evolving city, I'm probably exploring backroads in Vietnam's farthest-flung corners.
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Business Standard
25-07-2025
- Business
- Business Standard
Onion, potato prices went up over 80% in 2024 due to climate change: Study
Food prices in India saw a sharp rise in 2024 due to an unusually severe heatwave, with onion and potato prices jumping by more than 80 per cent in the second quarter of the year, according to a new study. The study, led by Maximilian Kotz of the Barcelona Supercomputing Centre and involving researchers from the European Central Bank, Potsdam Institute for Climate Impact Research and the UK's Food Foundation, investigated 16 extreme weather-driven food price shocks across 18 countries between 2022 and 2024. It found that many of these events exceeded all historical precedents before 2020 and were strongly influenced by global warming. "In India, the price of onions and potatoes jumped by over 80 per cent in the second quarter of 2024 after a heatwave in May, a 'largely unique event' that was made at least 1.5 degrees Celsius warmer by climate change," the researchers said. The year 2024 was the hottest on record and the first with a global average temperature 1.5 degrees Celsius above pre-industrial levels. In India, extreme heat in May severely affected crop yields and supply chains, contributing to high inflation in essential vegetables. The study warned that such food price shocks could worsen health outcomes, including malnutrition and chronic diseases and increase economic inequality. "Rising food prices have direct implications for food security, particularly for low-income households... When the price of food shoots up, low-income families often have to resort to less nutritious, cheaper foods. Diets like this have been linked to a range of health conditions like cancer, diabetes and heart disease," Kotz said. The researchers said food price inflation due to climate extremes may also "raise headline inflation", making it harder for central banks to maintain price stability, especially in developing countries where food has a larger share in household budgets. "High rates of inflation can directly alter election outcomes... and boost support for extremist, anti-system and populist parties," the study said. The study said that in Ghana and Ivory Coast, global cocoa prices increased by around 280 per cent by April 2024 after a February heatwave. The heat was made 4 degrees Celsius hotter by climate change. In Brazil and Vietnam, heatwaves and drought led to a 55 per cent rise in Arabica coffee prices and a 100 per cent rise in Robusta prices. In the European Union, olive oil prices rose 50 per cent year-on-year by January 2024 after a drought in Spain and Italy. In the United States, vegetable prices increased by 80 per cent in November 2022 due to a drought in California and Arizona. The researchers called for urgent measures to reduce greenhouse gas emissions and warned that without climate action, such food shocks will become more frequent. "Until we get to net-zero emissions, extreme weather will only get worse and it is already damaging crops and pushing up the price of food all over the world," Kotz said. The study also recommended that governments and central banks use seasonal climate predictions to anticipate food price shocks and prepare targeted support. It cited an HSBC analysis showing that "temperatures are now a better metric for forecasting food prices across India compared to reservoir levels". The study was released ahead of the UN Food Systems Summit Stocktake on July 27, co-hosted by Ethiopia and Italy, both of which also experienced food price shocks due to climate change. The researchers said food affordability must become a policy priority to prevent wider health and political impacts. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Reuters
24-07-2025
- Business
- Reuters
Brazil's biggest conilon coffee cooperative to launch cocoa pilot project in Bahia state
SAO PAULO, July 24 (Reuters) - Brazil's biggest conilon coffee cooperative, Cooabriel, is launching a cocoa pilot project in the country's Bahia state slated for September in collaboration with commodities powerhouse Cargill, it said in an interview this week. Cooabriel hopes the pilot, located in the south of Bahia, will produce around 10,000 60-kilogram bags of cocoa beans, working with farmers who are already producing conilon coffee, part of the same family as Robusta beans. The pilot project is another example of efforts in Brazil, once the world's second-biggest cocoa producer, to rebuild the country's standing in the global industry after its output was devastated by disease in the 1980s. "It's still somewhat of a timid project, but it is a promising project," Cooabriel's President Luiz Carlos Bastianello told Reuters in an interview. The majority of Cooabriel's coffee producers in Bahia are already producing cocoa and the cooperative wants to help them boost their productivity, while also possibly picking up some new farmers along the way, Bastianello said. Cargill is supporting the pilot project, which is financed by Cooabriel, as part of its aim to see major chocolate consumer Brazil become self-sufficient in cocoa production, Cargill's director of cocoa origination, Murilo da Silva Severo, said in an email. "This partnership with Cooabriel has the potential to bring Cargill an annual increase of 1,500 (metric) tons of beans," Severo said, adding the quantity could increase and Cargill has already suggested Cooabriel take the project to the neighboring state of Espirito Santo. Though similarities exist between conilon coffee farming and cocoa production, Cooabriel will have to contend with some challenges around market volatility and storing the cocoa beans, the cooperative's manager of new businesses, Alexandre Costa Ferreira, said. "If we work on this correctly, we have everything we need to gain a lot of volume, a lot of scale, and put Brazil on a different level," Ferreira said.
Mint
23-07-2025
- Business
- Mint
Tata Consumer Reports Coffee Prices Decline Amid Ongoing Volatility
Packaged food and beverage maker Tata Consumer Products Ltd (TCPL) on Wednesday said that coffee prices are currently on a downward trajectory, though ongoing volatility necessitates close monitoring following a period of significant surge. In the March quarter, TCPL had noted that prices of Arabica coffee were 97% higher year-on-year, while Robusta coffee prices were up 56%. Prices of Arabica and Robusta— types of coffee beans—have moderated significantly, yet remain volatile, according to the company's investor presentation released Wednesday. 'The issue with falling coffee prices is your trailing inventory, that is the whole catch, because you're sitting with inventory and selling it at a lower price. It will stabilize at a point in time. We are probably close to the bottom on the margins front. We are fairly well hedged in coffee, we've taken a small charge this quarter on the mark to market. We'll have to see one more quarter, and of course it largely depends on where the coffee prices finally settle. If they are roundabout where they are currently, we'll see probably one more quarter of pain, and then we should get back to the historical margins that we had in business,' Sunil D'Souza, Managing Director and chief executive officer of Tata Consumer Products said during the company's post-earnings call on Wednesday evening. Despite the global price drop impacting profitability, TCPL's India coffee business reported revenue growth of 67% on the back of a 33% increase in volumes. The company sells coffee under brands such as Tata Coffee Grand, Eight O'Clock Coffee, Sonnets by Tata Coffee and Tata Coffee Gold, competing with players like Nestle India and Hindustan Unilever in the packaged coffee market. The maker of Tata Salt and Tata Tea reported a 15% jump in quarterly net profit, reaching ₹ 332 crore, up from ₹ 289.25 crore in the corresponding period last year. Consolidated revenue for the three months ended 30 June grew 10% year-on-year to ₹ 4,779 crore. The India branded business recorded a 6.8% volume growth, with the core India business, encompassing both tea and salt, reporting double-digit growth. 'During the quarter, we recorded double-digit growth in the core India business across both tea and salt, backed by volume growth. Tata Sampann continued its strong trajectory, with new launches & innovations performing well. However, unfavourable weather impacted volume growth in the ready-to-drink business. While transitory issues impacted growth in Capital Foods and Organic India, our focus now turns to delivering on our aspirations in these businesses through ramping up advertising, innovation and distribution expansion,' D'Souza said. On the tea front, where the company sells brands like Tata Tea and Tetley, TCPL stated that prices remain favourable, though the outlook is cautiously optimistic. According to the company's investor presentation, North India tea prices are moderately lower compared to the same period last year due to robust crop supply in the region, while South India tea prices continued to soften. Consolidated Ebitda (earnings before interest, taxes, depreciation and amortization) for the June quarter declined by 8%, primarily attributed to higher tea costs in India and coffee price corrections in the non-branded segment. TCPL also has a large overseas business. It also sells staples and breakfast cereals. 'If you look at the crop itself, I think we are already ahead in North India compared to last year... Now, we do expect this year to be normal, even the IMD forecast a normal rainfall season, and if that happens, there's no reason for us not to go back to the tea cropping levels of 2023, and therefore the pricing to start unwinding,' he said. Meanwhile, the company's cafe chain business under Starbucks reported positive same-store sales growth during the quarter, with overall revenue for the segment growing 6%. Same-store sales growth was positive, except during May when regional geopolitical tensions flared up and impacted store operating hours in specific geographies. Starbucks operates 485 stores in India. 'We tempered store opening for the quarter adding only six new stores. We are focusing on footprint growth across metros as well as smaller cities,' he said.
