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

Hewlett Packard to launch dual-screen desktop computer

Hewlett Packard is due to launch a new desktop computer in the UK, with pre-release users currently including interior designer Sophie Conran and her son Felix Conran. more »

Unisys names new CEO

Unisys Corp. the Blue Bell computer services and systems company, said it named Peter A. Altabef as president and chief executive officer, effective Jan. 1. more »

Tim Richards appointed as IBC chairman

IBC has named Tim Richards as the next chairman of its Partnership Board. He will take over from Mike Martin, who retires at the end of 2014. more »

Unisys to provide data centre support services to DISA

Unisys has won a contract to provide the US Defense Information Systems Agency (DISA) with a range of data centre support services. more »

Microsoft partners with Cisco to modernise data centres

Networking solutions giant Cisco today said it has signed a multi-year agreement with software major Microsoft to modernise data centres. more »

Cisco Positioned as a Leader in the Gartner Magic Quadrant for Wired and Wireless LAN Access Infrastructure

Cisco, a leading provider of wired and wireless network solutions, today announced it has been positioned by Gartner, Inc. in the Leader's quadrant of The 2014 Gartner Magic Quadrant for the Wired and Wireless LAN Access Infrastructure. more »

Cisco to build global InterCloud for 'Internet of Everything'

US giant Cisco Systems has announced plans to build a global InterCloud - the world's largest network of clouds - in collaboration with a set of partners. more »

Microsoft seeks Office for Android testers as it readies tablet version

Microsoft may have released a basic Office app for Android phones almost a year ago, but the company is now building a suite designed specifically for Android tablets. more »

Google Docs now allows editing of Microsoft Office files

Google Docs now offers its users with the option of editing all types of Microsoft Office. more »

Cisco buys cloud collaboration startup Assemblage

Cisco announced today that it has acquired cloud platform startup Assemblage, as the company continues its focus on enterprise collaboration. more »