Canadian Coffee & Tea Expo 2004
The Canadian Coffee and Tea Expo 2004 will be held at the Vancouver Convention & Exhibition Centre, June 11-12, and will feature more exhibitors, new educational courses for the trade and consumer and play host to the country’s best espresso machine operators as they compete for top spot at the 2nd annual Canadian Barista Championship.
Expo 2004 is Canada’s largest coffee and beverage trade show and educational forum where retailers, restaurateurs, industry buyers and decision-makers come together to learn about the latest products and trends influencing the beverage trade in Canada. Over 100 companies will be displaying products from across North America and around the world at the two-day trade.
New at this year’s educational forum is an all-day intensive seminar for those wishing to open a coffee or tea business, hands-on beginner and advanced workshops presented by the newly launched Canadian Barista Training School, and a coffee and tea knowledge program for the consumer. The forum offers more than 20 classes for the trade for improving day-to-day operations, building sales, as well as tips on beverage preparation, retailing and staff training including reviews of industry trends and statistics, roasting workshops, coffee cuppings and tea tastings
Expo 2004 also offers some great events and networking opportunities including a coffee and tea industry luncheon, welcome reception and a tour of the city’s vibrant coffee, tea and juice bar establishments.
For exhibitor information and visitor registration call (416) 784-5210, or fax (416) 784-5243. E-mail: email@example.com. Website: www.coffee-expo.com.
NYBOT Opens New Coffee & Cocoa Grading Facility
The New York Board of Trade (NYBOT) opened a new coffee and cocoa grading facility at its lower-Broadway location, a short distance from its new home in the New York Mercantile Exchange (NYMEX) building. The $1.1 million, 1,800 sq. ft. operation, which is now the largest green coffee grading facility in the U.S., marks the final stage of NYBOT’s return downtown to the Financial District, and allows the exchange to resume its position as the premier provider of coffee and cocoa grading.
“With the opening of this cutting-edge grading facility, NYBOT can finally say that we’ve put the destruction of the 9/11 terrorist attacks behind us, and have renewed our commitment to the coffee and cocoa industries by providing the best grading facilities available today,” said Fred Schoenhut, NYBOT chairman. “NYBOT is now looking to the future by offering our eCOPS system to the coffee and cocoa industries, further enhancing the way commodities are warehoused, traded and delivered worldwide, and providing unparalleled and staggering efficiencies in the process.”
NYBOT acknowledged during the ceremony today two of its most senior coffee and cocoa graders: Justin Colten, who has been a NYBOT coffee grader for 43 years and George Lorenze, a NYBOT cocoa grader for 48 years.
NYBOT currently grades approximately 11,000 lots of coffee per year or 412,500,000 pounds (37,500 pounds per contract), which represents an estimated 55 percent of total U.S. certified coffee stocks. For cocoa, NYBOT currently grades an average 7,000 lots of cocoa per year, equal to approximately 154,322,000 pounds (22,046 pounds per contract).
In addition to grading, NYBOT-licensed warehouses store the majority of U.S. physical coffee and cocoa. As of October 24, 2003, NYBOT’s certificated U.S. coffee warehouse stocks were 3,199,218 bags, and reported U.S. cocoa trade warehouse stocks as of October 27, 2003, were 1,210,618 bags.
The new grading room has an open floor design with abundant natural light, which is an ideal condition for the grading process. There are four customized cupping tables, designed by CoffeeTec of Redwood City, CA and built by Geiger Manufacturing in Stockton, CA. The tables accommodate three graders and one preparer, have a 54-inch, granite-resin, rotating top, are plumbed with hot and cold water and house three basins (no spittoons). In addition, there are eight roasting machines built by Jabez Burns and Sons of New York, six of which are new, computerized roasters with automated timers and roasting control; two are antique roasters built in 1909 and donated by the Sara Lee Corporation.
NYBOT currently has 22 cocoa graders, 20 of that are active, and 39 coffee graders, 25 being active. The exchange also employs two professionals who manage the NYBOT grading room.
NYBOT plans to expand use of the grading facility to the cash marketplace and source countries, thereby enhancing its services to the industry and providing additional revenue for the exchange.
The NYBOT also serves the coffee and cocoa industries through eCOPS, a new electronic web-based platform for coffee and cocoa deliveries. The eCOPS system, due First Quarter 2004, represents an evolution of NYBOT’s Commodity Operations Processing System (COPS), built originally to handle deliveries for NYBOT’s coffee and cocoa futures markets. The new system will automate the manually intensive and costly back office activities currently associated with coffee and cocoa deliveries.
Each year, NYBOT donates approximately 14,000 pounds of surplus, roasted coffee to City Harvest, a New York City nonprofit organization that rescues unused food and gives it to the homeless.
The New York Board of Trade (NYBOT) is the parent company of the Coffee, Sugar and Cocoa Exchange, Inc. (CSCE) and the New York Cotton Exchange (NYCE). Through its two exchanges, NYBOT offers an expanding range of agricultural and financial products.
Information about the New York Board of Trade can be found at www.nybot.com and www.nybotlive.com.
Erb Group Restructured: Volcafe Not Affected
Germany - It has recently been disclosed that the Erb group is facing liquidity shortages and revaluation requirements of USD 1.94 billion. Based on current information, the crisis was triggered by the financial commitments of the Erb group, in particular in respect of CBB Holding, one of Germany’s biggest property investment companies. The company owes millions to around 80 banks, according to media reports.
However, the current financial problems of the Erb group do not affect business operations of the Volcafe group, which is one of the world’s major coffee trading houses. This is due to the fact that Unifina Holding AG owns 80 % of Volcafe, and the remaining 20 % is owned by 14 executive management partners. Because of this setup, Volcafe has remained autonomous, both financially and in all operational aspects. The only interdependency between Volcafe and Erb remains the 1994 loan to Herfina Holding amounting to USD 10.4 million
The collapse of Erb, which took over Volcafe in 1989, would be one of the biggest corporate failures in Switzerland of the past few years, according to the Swiss daily Tages-Anzeiger.
Erb’s troubles came into the open after the death of company’s chief executive Hugo Erb last summer at the age of 85. The company’s longtime auditor in charge of controlling the company’s accounts also died this year.
U.S. Bioterrorism Update
Full enforcement of a Bioterrorism Act provision requiring prior notice of food imports before they arrive in U.S. ports will not begin until Aug. 13 2004, after which shipments will be refused for any prior notice noncompliance issue, an official with the Bureau of Customs and Border Protection (Customs) said February 6th.
The Bioterrorism Act is being implemented in phases, according to Cathy Sauceda, director of special enforcement, trade compliance and facilitation, in Customs’ Office of Field Operations. She spoke at a meeting of the Treasury Department’s Advisory Committee on Customs Commercial Operations.
Under the new regulation, the Food and Drug Administration requires prior notice of food imports two to eight hours before arrival at the port of entry, depending on the mode of transportation. The rule implementing the Bioterrorism Act took effect on Dec. 12.
Currently, Customs and the FDA are in Phase I of implementation - which runs from December 12 to March 12. During this phase, no shipments will be held for inadequate prior notice. Customs and FDA will engage in counseling and education for noncompliant members of the trade community, she said.
Phase II will run from March 13 to May 12, Sauceda continued. Civil monetary penalties for failure to provide prior notice will begin in this phase.
During Phase III, running from May 13 to Aug. 12, failure to provide prior notice will result in holds on the shipments involved and/or penalties.
The last phase-Phase IIII, starting Aug. 13-will involve full enforcement. In this phase, failure to provide prior notice or an FDA determination that the prior notice is either incomplete or inadequate will result in refusal of the shipment and/or a penalty.
Sauceda said that Customs was working with FDA on a list of items that can be changed after providing the prior notice as well as those that cannot.
Tea & Coffee - March/April, 2004
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