Record-Breaking Panama Gesha Price Stirs Praise and Criticism at Auction
At this year’s Best of Panama auction, a 20-kilo lot of washed Gesha coffee from Hacienda La Esmeralda sold for $604,080, or $30,204 per kg.
Coffee News Club: Week of August 11th
Click to find out which city is the next VC-funded coffee shop hub. Plus, record-breaking coffee prices in Panama is met with mixed reactions and more tariff news.
With 50% Tariff on Brazilian Goods, China May Become Larger Landing Spot for Coffee
In 2024, the United States imported $2 billion worth of coffee from Brazil. That might soon change.
Survey Conducted by Espresso Machine Manufacturer Says Gen Z Fears Baristas—But Do They Really?
Young people find baristas intimidating. That’s what a survey from the home appliances maker Philips found.
Philz Coffee’s $145M Sale Leaves Some Employee Shareholders Empty-Handed
Freeman Spogli & Co. nears $145M deal for Philz Coffee; common stock held by some employees would be canceled, making shares worthless.
Coffee News Club: Week of August 4th
Afraid of ordering from a barista? You’re not alone. Also: coffee’s possible tariff exemption, and a Philz buyout leaving some workers with nothing.
US Commerce Secretary Signals Possible Tariff Exemption for Coffee
On July 29, U.S. Commerce Secretary Howard Lutnick hinted at the possibility that coffee may be exempt from tariffs.
Starbucks CEO Made Over $95M in 2024. The Average Barista Made Less Than $15,000
Starbucks CEO Brian Niccol made over $95 million in 2024, 6,666 times more than the average barista.
Congressional Coffee Caucus Asks to Spare Coffee from Tariffs
Members of the Congressional Coffee Caucus wrote a letter requesting that coffee be exempt from current and future tariffs.
Coffee News Club: Week of July 28th
Starbucks’ CEO rakes in 6,666 more than what workers earn. Plus, tariffs won’t just hurt Americans, and Disneyland Starbucks workers walk off the job.