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Coffee Mar 23 (KC=F)

ICE Futures - ICE Futures Delayed Price. Currency in USX
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164.50-0.55 (-0.33%)
As of 01:29PM EST. Market open.
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Pre. SettlementN/A
Settlement Date2023-03-21
Last Price165.05
Day's Range162.40 - 167.05
  • Reuters

    Nestle's Nespresso to sell paper-based compostable coffee pods

    Nestle's Nespresso coffee business is launching paper-based compostable capsules to attract customers put off by the Swiss packaged food giant's metal ones, which despite being recyclable often end up in landfill. Nespresso CEO Guillaume Le Cunff told Reuters that not all customers were aware that its aluminium capsules are recyclable, and may be more comfortable with the compressed paper pulp pods. Nespresso is one of Nestle's biggest brands, with 2021 sales of 6.4 billion Swiss francs ($6.7 billion), and also one of its most profitable.

  • Reuters

    Tim Hortons teams up with Alibaba to woo Chinese coffee drinkers

    The operator of Canadian coffee chain Tim Hortons in China said on Thursday it had forged a two-year partnership with Alibaba Group's grocery chain that will see the two launch co-branded products. E-commerce giant Alibaba's Freshippo will begin sales next month at its stores, of which it has more than 300, as well as through its official app, it said in a statement. Products will include drinks such as Velvet Cocoa Coffee.

  • Reuters

    Rabobank sees growing coffee crop in Brazil, more sugarcane crushing

    Brazilian coffee output will grow at least 8% next year to reach 68.5 million 60-kg bags, as the agricultural powerhouse sees a recovery in its plantations after a smaller-than-expected crop this year, according to a Rabobank forecast issued on Wednesday. The upbeat estimate comes as healthy rainfall soaked coffee farms in Brazil's main producing regions, Rabobank analyst Guilherme Morya told journalists in a webcast. Brazil is the world's top coffee exporter and producer, followed by Vietnam and Colombia.