Starbucks introduces Teavana tea in 88 stores in India
The Dollar Business Bureau International coffeehouse chain Starbucks on Wednesday launched tea as a speciality offering in 88 stores in India under the brand of Teavana. “We had nine teas on offer and are doubling that with the launch of Teavana speciality teas. We are looking at attracting newer customers with our focus on tea, and are looking to double tea sales at our Starbucks stores,” Sumitro Ghosh, Chief Executive Officer, Tata Starbucks, told PTI. In 2016, during his visit to India, Howard Schultz, Chairman and CEO, Starbucks described the country as a ‘key business opportunity’ for the company and announced the launch of speciality teas in 2017. In June 2016, Starbucks announced various joint initiatives in India along with its joint venture (JV) partner Tata Sons, ...
Rise in consumption, weak global demand hit Indias coffee exports
The Dollar Business Bureau Increasing domestic consumption and weak demand in the European markets have led to a continuous fall in India’s coffee exports. The value of coffee exported by India in April 2015 was $77.5 million, about 25% lower than that recorded a month ago, as per data issued by the Ministry of Commerce. Though India registered a marginal increase of 0.52% in coffee exports between April 2014 and March 2015, as compared to the previous year, the country’s overseas shipment is expected to fall by 5.6% during the ongoing marketing year till September. India's coffee exports are likely to decline to 4.7 million bags in the ongoing marketing year ending in September due to weak demand from ...
Indian coffee export value dips despite high global prices
Vanita Peter D’souza | @TheDollarBiz High domestic prices in India are likely to dampen exports this year Global prices of coffee have surged this year due to a supply crunch in Brazil, but Indian coffee exports show no signs of a recovery in terms of value, as per the latest estimates by the Ministry of Commerce. According to the International Coffee Organisation (ICO), average prices touched a high of around 185 cents/lb in Oct 2014, up 85% compared to year ago levels of around 100 cents/lb. ICO says that this price swing is almost entirely due to weather reports from Brazil, with dryness at the beginning of the month spurring prices higher, before scattered showers dampened any bullish spirits. ICO ...
