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

New Debit, Credit Cards in Bulgaria

All Bulgarians possessing debit or credit cards will have to replace them with new "plastic purses" in 2005 more »

search.lt news

search.lt presents newest links more »

search.lt news

search.lt presents newest links more »

Security incidents and cybercrime on the up

Security events recorded between July and September this year are up 150 per cent on those recorded by security company VeriSign in the same period last year more »

search.lt news

search.lt presents newest links more »

CASHING IN ON CREDIT

Banks partner with popular brands to promote credit cards more »

Virtualization company moves wares to Windows

SWsoft, a company that lets a Linux server be subdivided into independent partitions, is ready to begin testing a Windows version of its product more »

Estonia to Run Tests on 'E-Voting' System

Some Estonians will be able to vote online next year, as Tallinn plans trials with electronic voting software that is the first step toward a nationwide e-voting system more »

search.lt news

search.lt presents newest links more »

Closed Chechen Web site reopens out of Finland

A Web site used by a Chechen warlord to claim responsibility for last month's school siege in Russia has come back online based out of Finland more »