Ok, So there the coffee festival planned for the first weekend in March. To be precise its March 7, 2020. Interested , well it depends on whether you yearn for coffee or earn from coffee. Over the last two years, the festival was held over two days with the first day, dedicated to business Development workshops For Farmers.
It was really the perfect day for overseas and locals roasters and traders to meet with local farmers and processors. After all we all want the access to the holy grail–Green beans. You can barter with the farmers or play hard ball with the licensed processors.
The main event is in the Jamaica Blue Mountains on the soldier camp of New Castle . If you see an entry fee its really for transport . Last year, transport cost J$1,500 or about $12 USD from Mona.
Drink three glasses of water in the morning with coffee to keep you hydrated, according to experts.
Coffee will naturally dehydrate your body and requires water to remain within the correct balance. MindBodyGreen Health site recommends drinking two glasses of water before coffee and one glass of water afterwards. They utilise the advise of gastroenterologist Dr Will Bulsiewicz.
“Here’s the solution: While the coffee pot is brewing, drink two full glasses of water. And when you finish your cup of joe, pour yourself yet another glass. That way, you can have your coffee and stay hydrated, too,” according to them.
MindBodyHealth explains additional benefits of drinking water and an important tell tale sign to know if you are dehydrated by examining your lips.
Some dealers want the Jamaica Coffee Festival 2021 changed from March to January to align with the Jamaica Blue Mountain Coffee Day.
“The coffee dealers want January and that makes sense for us,”said a source who wouldn’t give their name due to the sensitive stage of negotiations. “Coffee dealers are considering pulling out and doing our own thing next January.
It sounds like a no brainer to align a local festival with a Day that’s promoted in Japan and Jamaica for coffee. The coffee festival is however produced by an arm of the Ministry of Tourism and their mandate is to drive visitors to the island during slow periods like March.
The Coffee Festival produced by the Ministry in its third consecutive year but there were previous intermittent staging in the past.
Since the 1960s, Japan was the main buyer and marketer of Jamaica Blue Mountain coffee. The January date signifies the first real shipment to the Asian country. The inaugural Jamaica Blue Mountain (JBM) Coffee Day was celebrated in 2019.
There is also International Coffee Day held in October. That occasion is used to promote and celebrate coffee as a beverage, with events occurring globally. The first official date was 1 October 2015, as agreed by the International Coffee Organisation and was launched in Milan.
Brewed coffee and soluble coffee are not the same and a US brand found that out the costly way.
In late December 2019, it resulted in the makers of the Grove Square Coffee branded products setting aside up to US$25 million effectively to provide consumer refunds, according to a release on the matter from law firms Burke Harvey LLC and Ward & Cooper LLC.
The company labeled three roasted products as ready for use in the popular Keurig brewing machines. It however didn’t state explicitly that the pods were filled with instant or soluble coffee. Instead placing beans on the package which lawyers argued provided the impression that the coffee was in a bean or grounded state.
Instant coffee dissolves when water is added which contrasts with brewing of beans which requires a filter to separate the liquid from the ground coffee beans. In the factory, although the process to create instant involves more manufacturing steps it generally sells for less than whole beans. That’s because the process of creating instant coffee usually starts with imperfect cheaper beans.
“Defendants have agreed to create a $25 million settlement fund, which, after deducting attorneys’ fees, costs and expenses, administrative expenses, and service awards, will be used to pay Class Members who submit valid Claim Forms,” stated a release on the matter.
Class action members will receive a set amount per claim form. Consumers who purchased in Alabama will receive up to $100 per claim; New York up to $275 per claim; and US$25 for California, Illinois, New Jersey, North Carolina, South Carolina, and Tennessee.
Luckin Coffee (NASDAQ: LK), traded at all time highs on Monday as the stock continues to steam ahead in tandem with the growth of its store count now surpassing Starbucks in China.
Luckin is now the largest coffee chain in China: As context, Luckin took two years from its inception to overtake the 41,00 store count of Starbucks (NASDAQ: SBUX) which took two-decades to build out. The store count for both companies are changing literally by the day
The stock hit US$36 on December 23, up from a low of US$13 in May, just a few days after its IPO. Analysts expect the company to earn US$2.1 billion in annual revenues by 2020 up from some US$743 million. Fuelling this growth are new store sales. Luckin Coffee formed in 2017 and listed this year, now operates 4,280 according to its website. This growth represents a more than 200 per cent rise year on year, at the time of this report.
Luckin’s prices its coffee noticeably lower than Starbucks. That results in Starbucks by default being set to serve wealthier customers. Starbucks lattes cost roughly US$4.30 a cup whereas “Luckin is way more affordable at $1.50,” according to a source in China.
Lets see how Luckin continues to grow the coffee culture in the traditionally tea drinking country.
Fake luxury coffee hurts everyone in the supply chain. So knowing whether your beans are actually from a farm in the hills of Jamaica Blue Mountains is meaningful. Nowadays avoiding fakes requires buying brands you trust. And overtime one gets familiar with the origin taste profiles. But that’s knowledge built from experience. What about someone buying Jamaica coffee for the first time and concerned about getting ripped off with fake JBM costing upwards of US$50 per pound.
One solution is to buy through curated platforms like Etsy or brokers like us which micro tests batches monthly to ensure customers get quality.
Soon there will be another way.
Last year Starbucks announced plans to use Blockchain with the aim of allowing consumers to in real time trace the origin of the bean. Ultimately as a method of improving pricing throughout the supply chain. This method however more work but the outcome will definitely be replicated throughout the luxury coffee market.
Blockchain creates an immutable ledger of all transactions sort of like an email thread. You can quickly go back to the origin of a concept by searching the tread. Blockchain is increasingly being implemented in many back-office processes at industries from traditional banking and insurance, extending its application to even food production and pharmaceutical industries. Walmart in 2018, along with the support of International Business Machines Corporation (IBM), reportedly adopted a programme that uses blockchain to digitize the food supply chain process with its pork suppliers. Consequently it takes roughly 2 seconds to trace the origin of food which aims to reduce chance of infected food entering the supply chain to customers.
In December 2019, the global blockchain technologies market was valued at about $2.01 billion in 2018, and is expected to grow to $9.97 billion at a rapid annual growth rate of more than 49% through 2022. Companies across various industries are increasingly investing in block chain technology due to its high efficiency in data management.
Blockchain technology is growing strongly in major sectors such as healthcare, banking and finance, digital assets, and also in several government departments. Thus, companies such as VISA, Facebook, Microsoft and Amazon are investing in the technology to integrate blockchain with their daily operations at an early stage.
Wallenford is the oldest brand and was formerly the regulator of all JBM until Government split its regulatory from marketing functions in about the late 90s.
Island Blue is the newest but owns the largest non-blue mountain coffee lands.
Things to know about current ownership:
Wallenford was acquired by Canadian billionaire Michael Lee-Chin in 2013 and then in 2016 he also acquired Jablum.
IslandBlue was formerly called ‘Wallenford Blue’ but ceased paying royalties for the use of the name when Wallenford was acquired by Lee-Chin. Island Blue is owned by Jamaica Standard Products (JSP) which buys Jamaica Blue Mountain beans and brands it as Island Blue. JSP also separately operates the largest Jamaica High Mountain factory in the island. High Mountain coffee is farmed outside the Jamaica Blue Mountain region. Its High Mountain products are not branded as Island Blue.
Things to know about taste profile.
Wallenford and Jablum are both large JBM producers and now owned by a common company. Both brands share space and facilities now. It is not immediately clear whether all buying and roasting operations are amalgamated. A general tip however is that Wallenford offers a chocolatey nutty and lemon almost wine taste profile while Jablum is light cocoa and at times hazelnut to vanilla.