Facebook has started rolling out business-centric features which will ensure a revenue stream for the company which is yet to go public. Facebook's 'Deal' is a promising and disturbing feature which on one hand keeps mobile users updated with the 'deal' available at the nearby businesses. On the other hand, it keeps and eye on your location sharing it with its partners.Facebook is taking advantage of its Places, launched recently to monitor the location of a user and show Deals around that place.
New Delhi:India’s coffee exports rose by 67% to 25,000 tonnes in October, the first month of the 2010-11 crop year, on the back of strong global demand and lower prices.
“We have exported 25,000 tonnes of coffee in October, this year, against 15,000 tonnes in the same period in2009,” a senior Coffee Board official told the news agency on Monday.
Overall,coffee exports during the January-October period of this year have also risen sharply to 2,51,355 tonnes from 1,57,824 tonnes in the year-ago period, he said.
The realization from the export of one tonne of coffee was Rs1.07 lakh during October, he added. The coffee year runs from October to September.
India, Asia’s biggest coffee exporter,shipped higher quantity of coffee bean (including arabica and robusta varieties) in October 2010 because of huge global demand plus Indian prices were ruling lower than Colombian coffee, though slightly higher than Brazil, he said.
Besides, there was enough supply of coffee in the domestic market, thanks to good crop in the 2009-10 crop year that ended in September, he added.
The official further said an expected higher production of 3.08 lakh tonnes in the ongoing crop year may further push shipments this year.
Total coffee production in the 2009-10 crop year was 2.89 lakh tonnes. The country had shipped 2.70lakh tonnes in the just completed 2009-10 crop year, the official said.
Italy, Germany and Russia are India’s major export markets.
Oct. 29 (Bloomberg) -- Global coffee supplies may tighten after an Indian exporters’ group forecast a delay in harvesting because of extended rains and an industry association in Vietnam said that production may decline, potentially boosting prices.
India’s harvest may begin from the middle of November, about three weeks later than normal, Ramesh Rajah, president of the Coffee Exporters Association of India, said in an interview. Separately, Nguyen Van An, a board member of the Vietnam Coffee and Cocoa Association, said today by phone that output may drop as much as 3 percent to 1.1 million metric tons in 2010-2011.
The forecasts may extend rallies in arabica, which jumped to a 13-year high this week, and robusta, at the highest in more than two years. Prices have jumped on concerns that unfavorable weather in Latin America and Vietnam, and delays at Brazil’s Santos Port are curbing supplies. Vietnam is the biggest robusta producer and India is Asia’s third-largest grower.
“Coffee prices may continue to climb until weather concerns ease in Brazil and Vietnam,” said Rajah, who correctly predicted a 10 percent gain in prices on Aug. 24. India’s “harvest has got delayed but the good news is that the crop is in excellent condition,” he said yesterday from Bangalore.
Arabica reached $2.046 a pound on ICE Futures U.S. in New York on Oct. 26, the highest price since August 1997, and the December-delivery contract ended yesterday at $1.966. Robusta advanced to $1,975 a metric ton on NYSE Liffe in London yesterday, the highest level since Oct. 6, 2008.
India’s total coffee production this year may be a record and match a forecast of 308,000 tons from the state-run Coffee Board of India, Rajah said. The harvest of robusta, used in instant coffees, may be more than the 208,500 tons estimated by the board, he said yesterday from Bangalore.
The monsoon has yet to withdraw from the Southern Indian states of Karnataka and Kerala, which account for more than 90 percent of the nation’s production, according to the weather bureau. The June-to-September rainy season, which brings more than 70 percent of India’s annual precipitation, is still active over the region, according to the state forecaster.
In Vietnam, the outlook for the year from Oct. 1 from the association’s An is less than the median forecast harvest of 1.2 million tons from a Bloomberg News survey of 10 growers, analysts and traders conducted earlier this month. Officials in Vietnam’s three largest growing provinces -- Dak Lak, Lam Dong and Gia Lai -- also forecast production gains.
Rainfall in Vietnam’s Central Highlands, the nation’s main coffee-growing area, was about 30 percent less this year than in previous years, An said. “It hurt the development of coffee cherries, causing the beans to have a smaller size,” An said from Vicofa, as the association is known.
Output of the next crop in Brazil, the world’s biggest overall producer, may drop to 36 million, 60-kilogram bags, the lowest in four years, after a drought hindered flowering, the South American nation’s coffee council said on Oct. 22.
Coffee shipments from producers will decline for a second year in 2010 from last year’s estimated 95.5 million bags and 2008’s 97.7 million bags, according to the International Coffee Organization.
“Roasters have waited long on the sidelines for prices to cool and with the winter approaching they may begin to cover needs,” Rajah said. Arabica may gain to $2.13 a pound, while robusta may climb to $2,150 a ton in a few weeks, Rajah said.
“Global coffee prices will be good this year, so we expect to earn $1.8 billion to $2 billion in export turnover,” said An at Vicofa, a non-governmental organization that represents producers and traders and helps to shape government policy.
--Nguyen Dieu Tu Uyen. Editors: Jake Lloyd-Smith, Matt Oakley
To contact the reporters on this story: Thomas Kutty Abraham in Mumbai at email@example.com; Nguyen Dieu Tu Uyen in Hanoi at firstname.lastname@example.org
To contact the editor responsible for this story: James Poole at email@example.com
THURSDAY, Oct. 28 (HealthDay News) -- Coffee and tea consumption is associated with a lower risk of glioma, according to research published in the November issue of the American Journal of Clinical Nutrition.
Dominique S. Michaud, of Imperial College London, and colleagues analyzed data from 410,309 men and women in the European Prospective Investigation into Cancer and Nutrition study, who reported coffee and tea consumption in food-frequency questionnaires and were followed for a mean 8.5 years.
The researchers found that, during this time, 343 glioma and 245 meningioma cases were diagnosed. Individuals consuming at least 100 mL of coffee and tea daily were found to have a lower risk of glioma compared to those drinking less (hazard ratio, 0.66). These cutoffs for coffee and tea consumption combined weren't found to be associated with meningioma risk, nor was a 200-mL daily cutoff.
"Coffee and tea both contain caffeine and many other compounds, some of which have antioxidant properties. In fact, coffee has a greater total antioxidant capacity (i.e., cumulative capacity of food components to scavenge free radicals) than any given fruit or vegetable. Given that we did not observe an association between coffee and tea consumption and meningioma risk, it is possible that the effect of coffee, if causal, is acting late in the process of carcinogenesis by preventing tumor growth," the authors write.Copyright © 2010 HealthDay. All rights reserved.
|HILO, Hawaii (AP) — A proposal to quarantine the transport of green coffee beans from South Kona on the Big Island is to be taken up by a state Department of Agriculture advisory committee.
Such a move would be made to combat the spread of the coffee berry borer pest.
State Department of Agriculture Plant Industry Division Administrator Lyle Wong told the Hawaii Tribune-Herald on Friday the committee would meet in a week or so.
He says if the pest is deemed an "immediate emergency" and the committee passes the proposal, it would go before the Department of Agriculture board for approval and implementation.
A quarantine would mean green, or non-roasted, coffee beans would have to be treated with heat or an insecticide before being shipped off-island.
Mountain Coffee(R), part of the Specialty Coffee
Business Unit of Green Mountain Coffee Roasters, Inc.
, invites coffee drinkers nationwide to "The
Fair Trade-Out e-Tasting," a live, guided tasting of their top
selling Fair Trade Certified(TM) coffees.
WHO: The tasting will feature the following special guests:
-- Fair Trade USA President and CEO Paul Rice
-- Lindsey Bolger, Senior Director of Coffee Sourcing and Relationships
for GMCR's Specialty Coffee Business Unit
-- Costa Rican coffee farmers from Coopelibertad, a Fair Trade
WHEN: The Fair Trade-Out e-Tasting will be broadcast from Green Mountain
Coffee's coffee lab via UStream on Tuesday, October 26, 2010, at 4:00 p.m. ET. Participants can
also follow the tasting and submit questions via the hashtag #eTaste on Twitter.
WHY: The e-Tasting is part of "The Fair Trade-Out," Green Mountain Coffee's campaign to celebrate Fair Trade Month in October and encourage coffee drinkers to trade out their daily cup for Fair Trade Certified varieties. Fair Trade provides a fair, guaranteed price to coffee farmers for their beans, resulting in higher quality coffee, and a higher quality of life in coffee-farming communities. Green Mountain Coffee recently traded out its Our Blend and Vermont Country Blend coffees to be Fair Trade Certified.
This month Green Mountain Coffee commissioned a study showing that Americans love their coffee, but know very little about what's in their cup, how to make a great cup of coffee, or how their choice of coffee can have an impact on communities around the world. Participants in thee-Tasting will learn what to look for in a good cup and hear first-hand how Fair Trade benefits coffee farmers. Participants will be able to submit questions about coffee and Fair Trade to coffee farmers from Costa Rica and Fair Trade coffee experts.
Green Mountain Coffee offers one of the largest selections of double-certified, Fair Trade organic coffees in the country. In its fiscal year 2009, GMCR purchased 16.2 million pounds of Fair Trade coffee that delivered over$1.6 million to coffee farmers in Fair Trade premiums for community development.
About Green Mountain Coffee Roasters, Inc./quotes/comstock/15*!gmcr/quotes/nls/gmcr(GMCR31.60,+0.00,+0.01%)
As a leader in the specialty coffee industry, Green Mountain Coffee Roasters, Inc. is recognized for its award-winning coffees, innovative brewing technology, and socially responsible business practices. GMCR's operations are managed through two business units. The Specialty Coffee business unit produces coffee, tea and hot cocoa from its family of brands, including Tully's Coffee(R), Green Mountain Coffee(R),Newman's Own(R) Organics coffee, Timothy's World Coffee(R)and Diedrich(R), Coffee People(R) and Gloria Jeans(R),a trademark licensed to the Company for use in North America and owned by Gloria Jeans Coffees International Pty. Ltd. The Keurig business unit is a pioneer and leading manufacturer of gourmet single-cup brewing systems. K-Cup(R)portion packs for Keurig(R) Single-Cup Brewers are produced by a variety of roasters, including Green Mountain Coffee, Tully's,Timothy's and Diedrich. GMCR supports local and global communities by offsetting 100% of its direct greenhouse gas emissions, investing in Fair Trade Certified(TM) coffee, and donating at least five percent of its pre-tax profits to social and environmental projects. Visit www.gmcr.com for more information.
GMCR routinely posts information that may be of importance to investors in the Investor Services section of its web site, including news releases and its complete financial statements, as filed with the SEC.The Company encourages investors to consult this section of its web site regularly for important information and news. Additionally, by subscribing to the Company's email alerts, individuals can receive news directly from GMCR as it is released.
SOURCE: Green Mountain Coffee Roasters, Inc.
GMCR's Specialty Coffee Business Unit
Sandy Yusen, 866-968-2739
Copyright Business Wire 2010