Coffee News Recap, 14 Jun: Specialty coffee consumption reaches 13-year high in the US, Luckin outperforms Starbucks as China’s biggest coffee retailer & other stories & more…

Coffee News Recap, 14 Jun: Specialty coffee consumption reaches 13-year high in the US, Luckin outperforms Starbucks as China’s biggest coffee retailer & other stories

Every Friday, Perfect Daily Grind rounds up the top coffee industry news from the previous week. 

Here are this week’s stories – the word of the week is partnerships.

Mon, 10 Jun

J.M. Smucker says it anticipates higher costs will drive up coffee prices. The manufacturer of Folgers, Café Bustelo, and Dunkin’ products increased its prices in early June following rising coffee costs. CEO Mark Smucker said reasons are related to surging robusta futures and higher prices for premium arab… read more