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Green Mountain Coffee to close Toronto facility, affecting 120 jobs

MONTREAL - Green Mountain Coffee Roasters Inc. is closing its Toronto facility and putting 120 employees out of work as it consolidates production at its Montreal plant to support its growth in Canada. The Vermont-based company, known for its Keurig brand single cup coffee pods, said Thursday that it expects the Toronto facility to close by March 5, 2014.

Starbucks to get more Colombians drinking coffee, rival hopes

By Peter Murphy BOGOTA (Reuters) - The Juan Valdez cafe chain, owned by farmers and beloved by Colombians, expects the imminent arrival of Starbucks Corp to help it boost surprisingly low consumption of the beverage in a nation that grows much of the world's tastiest arabica. The Seattle-based coffee chain will open about 50 stores serving Colombian-only coffee in the Andean country in five years starting in 2014, it announced this week. The company is already the single-biggest exporter of coffee from Colombia.

Central American coffee farmers fear ruin from rust fungus

By Gustavo Palencia and Isabella Cota EL PARAISO, Honduras/PEREZ ZELEDON, Costa Rica (Reuters) - Central American coffee industry officials say the region's arabica crop is weathering an outbreak of leaf-rust fungus, but try telling that to small-hold farmers like Graciela Alvarenga. Her 0.3 hectare (0.74 acre) plot in Honduras' El Paraiso region near the border with Nicaragua has been so hard hit, she now uses the dried leaves and branches of her coffee plants as kindling to cook her breakfast.

58 Arrested in coffee growers' protests in Peru

Lima, Aug 22 (EFE).- Violent protests by coffee growers demanding government help in dealing with a crop blight resulted in police arresting 58 people and an undetermined number of people being injured, Peruvian media said. Hundreds of coffee growers clashed with police during a march along Peru's Central Highway to demand that the government allocate more resources to combat the coffee rust fungus.

Venice tourists get shock bill at outdoor coffee bar

ROME (Reuters) - Tourists going to Venice beware - and make sure you read the fine print. Everyone knows the lagoon city can be expensive but seven tourists from Rome got a bitter surprise when their bill for four coffees and three liqueurs at an outdoor cafe topped 100 euros ($130). The scene of the mishap was the famed Caffe Lavena in St. Mark's Square, where 19th century German composer Richard Wagner, who died in Venice in 1883, sat to have his morning coffee every day when he lived in the city.

Starbucks profit up, U.S. sales unexpectedly strong

By Lisa Baertlein (Reuters) - Starbucks Corp <SBUX.O> on Thursday posted a bigger than expected jump in quarterly profit after new "Refresher" fruit beverages and seasonal Frappuccino iced drinks helped drive more visits to its shops in the United States, its top market. The world's biggest coffee chain also raised its full-year profit forecast, sending shares soaring almost 6 percent in after-hours trade.

Koreans drink over 330 cups of coffee a year

SEOUL, July 21 (Yonhap) -- South Korean adults drank more than 330 cups of coffee per person annually in 2011, a report by the Ministry of Agriculture, Food and Rural Affairs said Sunday. In a report on the local consumption of processed foods, the ministry said annual domestic consumption of coffee products totaled about 1.26 trillion won (US$1.12 billion) as of 2011. The consumption volume indicates that adult South Koreans drank an average of 331 cups of coffee a year, said the ministry report compiled on the basis of a poll of 2,500 people.

Starbucks raising some cafe drink prices in U.S.

NEW YORK (Reuters) - Starbucks Corp <SBUX.O> will increase the price of some of its beverages in U.S. company-operated cafes by as much as 10 cents, the first price change in up to two years, a spokeswoman said on Friday. The price hike will be effective June 25, Starbucks spokeswoman Lisa Passe said. "Less than a third of beverages will be affected by the price increases," Passe said. "In most stores, the price of a Grande or Venti brewed coffee, as well as Frappuccino and Refreshers, will remain the same."

Starbucks raising some U.S. cafe drink prices

NEW YORK (Reuters) - Starbucks Corp <SBUX.O> will increase the price of some of its beverages in U.S. company-operated cafes by as much as 10 cents, the first price change in up to two years, a spokeswoman said on Friday. The price hike will be effective June 25, Starbucks spokeswoman Lisa Passe said. "Less than a third of beverages will be affected by the price increases," Passe said. "In most stores, the price of a Grande or Venti brewed coffee, as well as Frappuccino and Refreshers, will remain the same."

Starbucks hiking prices on some items despite falling coffee costs

NEW YORK, N.Y. - Starbucks wants a little extra change for that latte. The Seattle-based coffee company says it's hiking prices on average by one per cent in the U.S. starting on Tuesday. But it says the price for many drinks, such as medium and large brewed coffees and Frappuccinos, won't change in most its 11,000 U.S. cafes. For a small brewed coffee, the price will increase by 10 cents at most. Other drinks could increase by more than that.
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