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Stockreport

Ethiopia Opens Door for Prized Coffee Exports to Foreigners [BNN Bloomberg (Canada)]

Starbucks Corporation (SBUX)  More Company Research Source: BNN Bloomberg
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
Until now Ethiopia — which prides itself as the birthplace of coffee — required buyers such as Starbucks Corp., Volcafe Ltd., Louis Dreyfus Co., Olam International Ltd. and Sucafina SA to purchase shipments from local companies. Controls have also been lifted off other commodities including oilseeds, pulses, hides and skins, forest products, poultry and livestock, but not on fertilizer, which Ethiopia subsidizes. “The sectors were reserved for local investors to protect and encourage them,” said Hanna Arayaselassie, head of the Ethiopian Investment Commission. “However, we did not see as many local companies engaging with these businesses as we had hoped, nor did we see many local companies upgrading themselves and getting involved in the manufacturing sector.” Foreign traders that purchased at least $10 million's worth of coffee annually for the past three years will qualify for the permits, according to the new directive. The country produced 833,000 tons of coffee last sea [Read more]
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Stockreport

Ethiopia Opens Door for Prized Coffee Exports to Foreigners [BNN Bloomberg (Canada)]

Starbucks Corporation  (SBUX) 
More Company Research Source: BNN Bloomberg
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
Until now Ethiopia — which prides itself as the birthplace of coffee — required buyers such as Starbucks Corp., Volcafe Ltd., Louis Dreyfus Co., Olam International Ltd. and Sucafina SA to purchase shipments from local companies. Controls have also been lifted off other commodities including oilseeds, pulses, hides and skins, forest products, poultry and livestock, but not on fertilizer, which Ethiopia subsidizes. “The sectors were reserved for local investors to protect and encourage them,” said Hanna Arayaselassie, head of the Ethiopian Investment Commission. “However, we did not see as many local companies engaging with these businesses as we had hoped, nor did we see many local companies upgrading themselves and getting involved in the manufacturing sector.” Foreign traders that purchased at least $10 million's worth of coffee annually for the past three years will qualify for the permits, according to the new directive. The country produced 833,000 tons of coffee last sea [Read more]
IMPACT SNAPSHOT
EVENT TIME:
SBUX
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS