Tea, Coffee & Cocoa – LATEST NEWS
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Ghana passes COCOBOD Bill, guaranteeing farmers 70% of cocoa export price
The legislation introduces new financing, pricing and sustainability measures while strengthening local cocoa processing and farmer support programmes.
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Hershey reports 6.6% rise in Q2 sales as Reese’s and Dot’s Pretzels drive growth
Hershey’s profits soar in Q2 on higher prices and strong Reese’s demand, prompting raised fiscal 2026 earnings guidance despite cautious consumer spending.
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Costa Coffee India store count falls for first time in five years
Costa Coffee closes 22 outlets in India during FY26, its first network contraction in five years, as Devyani International prioritizes disciplined growth over expansion.
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Starbucks raises annual sales and profit forecasts as turnaround gains momentum
Starbucks lifts annual sales and profit guidance for the second time as CEO Brian Niccol’s turnaround drives a fourth straight quarter of comparable sales growth.
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Uganda’s Museveni backs US$200M Nonda coffee park to boost coffee value addition
Museveni backs the $200 million Nonda Coffee Park in Nakaseke, set to become East and Central Africa’s largest coffee processing facility.