China may be best known for tea but it's emerging as a key coffee producer. One of the world's biggest coffee merchents - Switzerland's Volcafe - recently signed a joint venture with a Chinese producer. Full Story: 70 million cups of coffee are consumed in Britain everyday. It could soon replace tea as the nation's favourite brew. Stephen Rappaport is part of that revolution. He runs Pact Coffee which supplies the high end market. [Stephen Rappaport, CEO and Founder, Pact Coffee]: "The way that we compete is because we have real one-on-one relationships with our customers. It's something the supermarkets can't offer. We know what product individually each customer likes and we make recommendations." Pact buys coffee directly from farmers in order to get the best beans. And it pays a high premium in a world market that's becoming increasingly volatile. Droughts in Brazil and a devastating crop fungus in Central America have seen futures prices soar. Stephen Hurst is MD of c... ( More) |
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