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

search.lt news

search.lt presents newest links more »

The Ransom Letter

Authorize.Net Battles Extortion Attempts more »

Sun Strikes Grid Computing Pact with Bank

One week after touting its grid computing and other technologies on Wall Street for financial services customers, Sun Microsystems agreed to provide a Paris-based bank with more than 100 servers to power its transactions more »

PalmSource unveils smartphone operating system

Palm Cobalt OS to ship with new devices next year more »

Highlighting New Projects

Microsoft Scientists Offer Glimpse of the Future at European Innovation Fair more »

EU chief seen as keen to push Oracle merger through

European Commission wants to reach a decision on hostile bid before the end of October more »

IT security culture must start from the top

Global survey warns senior execs against 'delegating' security awareness more »

Sasser author gets IT security job

Sven Jaschan, self-confessed creator of the destructive NetSky and Sasser worms, has been hired by German security company Securepoint more »

search.lt news

search.lt presents newest links more »

IBM embraces grid converts

IBM has signed on five corporate customers and the Environmental Protection Agency to its ongoing grid computing initiative more »