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

Telecom giants join forces against hackers

High-profile telecom and networking companies are banding together to crack down on hackers more »

CeBIT 2005 - End of the Show

End-of-show report for CeBIT 2005 (10 to 16 March) in Hannover/Germany more »

Sony Ericsson ROB-1 Bluetooth Motion Cam

Sony Ericsson announces at CeBIT the Bluetooth Motion Cam ROB-1 more »

Online Personal Video Recorder

German video streaming service company TV1 is launching at CeBit 2005 an online personal video recording service called shift.tv more »

search.lt news

search.lt presents newest links more »

China Retailers Adopting POS Terminals

China retailers are just starting to adopt electronic point-of-sale terminals, as the number of shipments is expected to surpass those to Germany, Europe's largest POS market, this year more »

News from Digital Certification Centre

On January 27, 2005 JSC “Skaitmeninio sertifikavimo centras” (Digital Certification Centre) presented an application for IVPC to register a company providing qualified certification services. The director of the company Mudrikas Dadasovas tells about the future plans. more »

GuruNet, Google get a little closer

GuruNet's stock fell back to Earth on Tuesday after the company revealed the extent of its tightening relationship with Google more »

Saddam Hussein 'death' photos used as worm bait

Photos of a "dead" Saddam Hussein are the lure for a new mass-mailing worm, Sophos warned on Thursday more »

IBM's SOA Service Sets Up Shop

Picking up where it left off in 2004 with its distributed computing plans, IBM introduced a new service to help companies build and deploy service-oriented architectures more »