Coffee News and Some Interesting Facts
June 11th 2008 05:13
* The Wall Street Journal Reported last week that J.M. Smucker Co. is expected to acquire Folgers Coffee from Proctor and Gamble.
* Coffee started its journey in Arabia. Roasted beans were first brewed around A.D. 1000. There is evidence that coffee in its raw form was used to "perk" people up prior to this time in Ethiopia.
* At closing Jun 10 2008, Peet's Coffee & Tea Inc (PEET:NSQ) closed at 23.71 per share. For the past week, the company outperformed the Dow Jones Industrial Average index.
* Top coffee producing countries are Brazil, Columbia, Indonesia, Vietnam, Mexico, Ethiopia, Guatemala, India, Cote d'Ivoire, and Uganda.
* The U.S. remains the largest consumer of coffee in the world.
* Coffee futures trade at the Coffee, Sugar and Cocoa Exchange Division (CSCE) of the New York Board of Trade (NYBOT).
* Coffee producers report that it takes 4,000 beans to make a pound of coffee.
* Arabica beans account for over two-thirds of the world's green coffee-bean production.
* Starbucks Corp. shares closed at 17.84 on June 10, 2008 on a volume of 9.76M shares.
* China, where tea rules, has seen some hints that coffee may be gaining some interest among the younger set. However, ChinaDaily.com said in a 2004 report that China represents only 1% of world coffee consumption.
* Green Mountain Coffee Roasters’ stock trades on the NASDAQ Exchange under the ticker symbol GMCR. Their 52-week high as of June 10, 2008 was $43.70 and their 52-week low was $23.31. (This is not a recommendation, do your homework before you buy any shares of anybody!) Just gives you an idea of the volatility out there.
*Bellissimo started the American Barista & Coffee School [ABC's] in Portland, Oregon. It is the first and only professional school in the U.S.A. focusing on coffee business education and hands-on barista training.
* Coffee started its journey in Arabia. Roasted beans were first brewed around A.D. 1000. There is evidence that coffee in its raw form was used to "perk" people up prior to this time in Ethiopia.
* At closing Jun 10 2008, Peet's Coffee & Tea Inc (PEET:NSQ) closed at 23.71 per share. For the past week, the company outperformed the Dow Jones Industrial Average index.
* Top coffee producing countries are Brazil, Columbia, Indonesia, Vietnam, Mexico, Ethiopia, Guatemala, India, Cote d'Ivoire, and Uganda.
* The U.S. remains the largest consumer of coffee in the world.
* Coffee futures trade at the Coffee, Sugar and Cocoa Exchange Division (CSCE) of the New York Board of Trade (NYBOT).
* Coffee producers report that it takes 4,000 beans to make a pound of coffee.
* Arabica beans account for over two-thirds of the world's green coffee-bean production.
* Starbucks Corp. shares closed at 17.84 on June 10, 2008 on a volume of 9.76M shares.
* China, where tea rules, has seen some hints that coffee may be gaining some interest among the younger set. However, ChinaDaily.com said in a 2004 report that China represents only 1% of world coffee consumption.
* Green Mountain Coffee Roasters’ stock trades on the NASDAQ Exchange under the ticker symbol GMCR. Their 52-week high as of June 10, 2008 was $43.70 and their 52-week low was $23.31. (This is not a recommendation, do your homework before you buy any shares of anybody!) Just gives you an idea of the volatility out there.
*Bellissimo started the American Barista & Coffee School [ABC's] in Portland, Oregon. It is the first and only professional school in the U.S.A. focusing on coffee business education and hands-on barista training.
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