Smarter News Now
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting
No Result
View All Result
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
No Result
View All Result
Smarter News Now
No Result
View All Result
Home Investing News

Local specialty coffee gets trial orders from Japan

by
June 20, 2022
in Investing News
0
Local specialty coffee gets trial orders from Japan
0
SHARES
14
VIEWS
Share on FacebookShare on Twitter
REUTERS

THE PHILIPPINES is hoping to expand its share of the Japanese coffee market following the introduction of specialty coffee varieties to potential large-scale buyers, the Department of Trade and Industry (DTI) said.

In a statement on Monday, the DTI confirmed Japanese interest in Philippine specialty coffee, following a report from Japan-based Commercial Counselor Dita Angara-Mathay regarding three promotional events staged between June 10 and 14, including a coffee tasting.

“The (coffee tasting) event opened up much interest in Filipino coffee among those in the Japanese coffee industry. There are now talks between Japanese importers and Philippine coffee exporters for trial orders ranging from 1,000 kilos of green beans to 25 kilos of roasted specialty beans. If the trial orders go well, the importers committed to have repeat orders in larger amounts,” the DTI said.

According to the DTI, the coffee tasting event was attended by 41 industry participants, including coffee chain operator UCC, roaster Doutor, food company AGF Ajinomoto; importers Marubeni Foods, Sojitz, Aoyama Tsusho and CocoCures; retailer Don Quijote; and other specialty coffee companies like Horiguchi, Cerrad, Mobius, Tailwinds and Woodberry. 

The specialty coffee beans were provided by VerraCoffee, a social enterprise currently exporting coffee to Filipino entrepreneurs in Australia, New Zealand, Malaysia, and the US.

Ms. Mathay said that the DTI is pushing Barako coffee from Southern Luzon, Peaberry Coffee from the Cordillera highlands, and Davao del Sur Peaberry from Mount Apo in Mindanao.

“These are rare and exotic coffee beans that we hope will satisfy the discriminating tastes of coffee drinkers on the lookout for specialty coffee. We want to push it in Japan, Asia’s largest coffee market, as a niche gourmet product. We are confident a few Japanese coffee shops will feature it among their small-lot coffee lines,” Ms. Mathay said.

The DTI said Barako coffee, also known as Philippine Liberica, is considered rare, accounting for 2% of global coffee production.

“Very few people are aware that the Philippines was one of the top producers of coffee in the world in the 1880s. Fast forward to today, opportunities abound in the rising wave of coffee consumption and increasing number of people who actively search and prepare specialty coffee in their homes or pursue it as a business,” the DTI said. — Revin Mikhael D. Ochave

ShareTweetPin

Related Posts

Stocks decline on profit taking, recession fears
Investing News

Stocks decline on profit taking, recession fears

August 23, 2022
Peso climbs vs dollar as RTB offer starts
Investing News

Peso climbs vs dollar as RTB offer starts

August 23, 2022
PNR cancels bids for 3 projects after finding them ‘non-feasible’
Investing News

PNR cancels bids for 3 projects after finding them ‘non-feasible’

August 23, 2022
Senate grills Rodriguez on approval procedures for sugar import order
Investing News

Senate grills Rodriguez on approval procedures for sugar import order

August 23, 2022
Trade dep’t expecting sugar price monitoring report by Friday
Investing News

Trade dep’t expecting sugar price monitoring report by Friday

August 23, 2022
Fisherfolk seek halt to reclamation on municipal fisheries
Investing News

Fisherfolk seek halt to reclamation on municipal fisheries

August 23, 2022
Next Post
PCCI presses new gov’t to pass remaining tax reform packages

PCCI presses new gov’t to pass remaining tax reform packages

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Email Address *
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
 

Recommended

Accor recruiting 12,000 temporary workers to help accommodate Qatar’s World Cup fans

Accor recruiting 12,000 temporary workers to help accommodate Qatar’s World Cup fans

June 29, 2022
A pillar of the business world

A pillar of the business world

August 10, 2022
M Lhuiller recognized as the most compliant agent by Western Union after annual compliance review

M Lhuiller recognized as the most compliant agent by Western Union after annual compliance review

June 13, 2022
Brexit offers opportunity to unlock City’s potential, MPs say

Brexit offers opportunity to unlock City’s potential, MPs say

June 16, 2022
Business groups list 24 priority bills for 19th Congress

Business groups list 24 priority bills for 19th Congress

July 21, 2022
Xendit payment platform eyes clients of all sizes, even in remote areas

Xendit payment platform eyes clients of all sizes, even in remote areas

June 12, 2022
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

Copyright © 2022 SmarterNewsNow.
All Rights Reserved.

Disclaimer: SmarterNewsNow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

No Result
View All Result
  • About Us
  • Contact Us
  • Email Whitelisting
  • Home
  • Privacy Policy
  • Terms & Conditions
  • Thank You

Copyright © 2020 SmarterNewsNow. All Rights Reserved.