Coffee
Over one hundred Starbucks coffeehouses across Japan are transforming waste coffee beans into feed for dairy cows – and buying back their milk. Starbucks is introducing a system that turns waste coffee grounds into cattle feed, given to the cattle producing milk for coffees in over one hundred Starbucks coffeehouses across Japan. With over half the world’s grain currently used to feed livestock, the Food Recycling Loop is a great example of a closed loop approach returning valuable nutrients into productive use in the food system.
Coffee output in Vietnam, the top grower of Robusta beans used by Nestle SA and Mondelez International Inc., will probably decline in the year starting October 2014.The harvest may contract by 4 percent to 1.64 million metric tons from 1.71 million tons a year earlier, according to reports.
Corn
Corn futures fell to a 16-week low on speculation that demand for U.S. exports will ebb after China put curbs on purchases of a feed ingredient made from the grain. China’s quarantine agency suspended issuing permits to import U.S. dried distillers’ grains known as DDGS, because the government deems the product as having a high risk of containing MIR 162, a non-approved genetically modified strain of corn. Futures dropped in the past four straight weeks amid concern that supplies would exceed demand.