NZX-listed Cooks Coffee unfazed by record raw coffee prices

Raw coffee prices have risen nearly 80% in a year. (Image: Michael Craig)

Mon, 16 Dec 2024

Cooks Coffee executive chairman Keith Jackson says record growth in the price of raw coffee beans does not materially change the company's outlook. Bad weather in the world's two largest producers, Brazil and Vietnam, has hit supply as global demand for the product continues to grow. US Coffee C Futures, the world benchmark for Arabica coffee – which is about 70% of global supply – have grown 76.4% to US$322 in a year. The New Zealand Exchange-listed (NZX) Cooks Coffee is the franchisor of Esquires stores, a...

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