Real Colombians drink cafe tinto
Colombia is synonymous with coffee, so it’s little surprise that the morning beverage is in such high demand that leagues of women walk Colombian cities serving it.
At first glance, these women may appear equipped to snuff out pests, but their mobile packs aren’t meant for exterminating bugs, they’re meant for pouring hot coffee.
A real Colombian, you’ll inevitably be told, takes the stuff black, or cafe tinto. Read More
After the colonial city of Cartagena and the Caribbean beaches, the Zona Cafetera is the biggest draw for visitors to Colombia – now more than ever – since it was declared a Unesco World Heritage Site in 2011 for its plantation-style casa cafetera houses.
Last week, Colombian coffee growers initiated a clash with security forces. They stopped working, blocked the road and demanded support from the authorities. Ten of thirty two parts of the country were affected by protests, at least 59 protesters were injured. The coffee crisis has already ruined thousands of small farmers.
“The strike shows that Colombian producers, who often set trends for the wider industry in Latin America, are struggling even if prices remain much higher than in previous downturns. Arabica coffee prices have fallen 55 per cent from a 30-year peak in 2011 of more than $3 a pound, but remain well above the low of $0.50 set in 2002. Higher production costs are a further problem.”
http://dailycoffeenews.com/2013/02/26/thousands-of-striking-colombian-coffee-farmers-met-by-force/
Two small companies joining forces might not normally attract much notice. But the Nov. 3 acquisition of Diedrich Coffee (DDRX) by Peet’s Coffee & Tea (PEET) combines two especially hot stocks at a time when the coffee industry is an investor favorite.
The $213-million buyout of Diedrich caps an extraordinary stock market run. The Irvine, Calif., company’s shares traded at 36¢ at the start of 2009 and have rocketed more than 70 times higher, ending with Peet’s cash-and-stock offer of $26 per share.