Million hits

Published: 13 June 2000 y., Tuesday
"We had a million hits in the first few days," said Michael Heath, promotions manager of the London-based ICO, the body that represents leading world producer and consumercountries. China, with around a quarter of the world's population but accounting for less than one percent of coffee consumption, is seen as a huge potential market.Boosting coffee consumption is seen as one way of reviving world prices, depressed by oversupply and bunching of exports. Prices are languishing just above seven-year lows. Following the opening up in recent years to Western consumer products and lifestyles, the Chinese have shown a growing taste for coffee. Coffee shops and bars have opened in Shanghai, Beijing and other major cities in the past couple of years. The recent expansion has been driven by Starbucks Corp (SBUX.O) of the United States, Bonomi and Bella of Italy, UCC Ueshima Coffee Co. of Japan, Kamperey of Hong Kong and Excelso of Indonesia. Before 1998 Nestle SA (NESZn.S), Kraft Foods (MO.N) and Cafe de Colombia developed a market for instant coffee, which accounts for about 90 percent of the Chinese coffee market.
Šaltinis: Excite News
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

iPhone movie to hit S. Korea theatres

An award-winning South Korean film director shoots a 30-minute movie using only Apple's iPhone 4. more »

Nintendo: 4 mln 3DS in 1st month

Nintendo aims to sell four million of its new 3-dimensional 3DS game console in the first 30 days of launch in Japan, U.S. and Europe. more »

Mixing business with Foursquare

Matchmaker Maria Avgitidis has a new love - Foursquare. more »

Gemalto R&D Project Selected for Pan-European EUREKA Innovation Award

Gemalto,the world leader in digital security, today announced that the MEDEA+ ONOM@TOPIC+ project has been short-listed as one of the three finalists for the EUREKA Innovation award. more »

Google vs. China again

China again warned Google on Tuesday to obey the nation’s law with its web search engine results, amid mounting signs the world No.1 could soon shut its mainland website. more »

Flip Video in Healthcare Helps Improve Patients' Recovery

Video shot during a healthcare consultation can help patients recall important information and instructions later. more »

EU assembly wants affordable broadband access for every home

High-speed internet is a basic good that must be available to everyone, Europe's local and regional politicians said today in support of the 'Europe 2020' goal of bringing broadband access to every home by 2013. more »

Wincor Nixdorf installs more than 1700 self-service devices at HypoVereinsbank

Wincor Nixdorf and HypoVereinsbank (HVB) have successfully completed one of the most extensive rollouts of self-service systems in Germany. more »

Verizon Joins Open Identity Exchange

Verizon Business will join the Open Identity Exchange consortium as an executive member to support a common, secure framework for access to Internet sites. more »

What's the future for EU's online library Europeana?

You can now access books, journals, films, maps etc from across Europe via the EU's online library, Europeana. more »