Week of 18–24 May 2026 · Issue no. 01

The Shot

Weekly coffee intelligence — specialty, origins, markets, and the business behind the cup.

Week of 18–24 May 2026 · Issue no. 01
The Shot No. 01
The CupSpecialty

Coffee Masters crowns Sharon Ip and Alejandro Griffin-Diaz at London's biggest festival

The 2026 Coffee Masters final at The Truman Brewery drew the largest crowd of the four-day festival. Sixteen baristas competed across seven disciplines in a knockout format that is the closest thing specialty has to appointment television. La Marzocco's Roasters Village gathered European independents including Kiss the Hippo, Clifton Coffee, and Terraform Coffee.

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Edgar Rivas wins 2026 Colombian Barista Championship

Will represent Colombia at the World Barista Championship in Panama City, 23–25 October.

Perfect Daily Grind
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Dalla Corte opens first global flagship showroom in London

A community learning space with Kavi Coffee and Dhan Tamang, blending Italian engineering with London specialty.

Perfect Daily Grind
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93% of under-35 coffee drinkers now consume cold coffee weekly

Lincoln & York research confirms the shift from trend to generational default.

Perfect Daily Grind
The HarvestOrigins & Science

Kew Gardens names a new coffee hybrid that farmers have grown for decades without knowing it

Coffea × libex — a fertile hybrid of liberica and excelsa — was formally named after examining 113 accessions from three continents. Libex yields more than liberica, processes more easily, and shows strong climate and disease resilience. Sarawak is positioning itself as the world's leading libex region; Blue Bottle has already visited to explore sourcing.

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ICO warns Hormuz blockage is raising coffee input costs

Urea fertiliser up 47% since February, from $465/t to $685/t, directly hitting farm economics.

ICO
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Tanzania production forecast up 10% to 1.6m bags in 2026/27

USDA attributes growth to robusta recovery and a 2% expansion in cultivated area.

Perfect Daily Grind
The BoardMarkets
ICO composite (Apr avg)266.24 ¢/lb▼ 2.7% vs Mar
Arabica NY ICE (Jul)~265 ¢/lb▼ 1.5-yr low
Robusta London ICE (Jul)~150 ¢/lb▼ 26-mo low
US retail avg (Apr)$9.72/lb▲ 18.5% YoY

The ICO Composite fell to its lowest in 19 months as Brazil's record harvest outlook outweighs rising logistics costs from the Hormuz closure. Green prices are softening — but US retail hit an all-time high in April, showing how slowly that relief travels to the shelf.

The ChainBusiness
1.
Starbucks cuts 300 more corporate jobs — third round in 18 months

Regional offices in Dallas, Chicago, and Atlanta close. $400m in restructuring charges. No store-level roles affected; international review underway.

CNBC
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Brazil on track for record green export volume of ~50m bags

ECOM projects producers will sell quickly given an inverted market — spot prices above futures.

Perfect Daily Grind
The GrindOne to watch

Cold coffee is no longer a trend — it's the default. Specialty hasn't caught up.

93% of under-35 drinkers consume cold coffee weekly. The cold brew market hits $8.4bn by 2031 at 17% annual growth — driven by mass RTD brands filling a gap specialty is leaving open. The roasters who bring origin rigour and traceability to a canned format are sitting on the clearest white space in the market right now.

Sources

Perfect Daily Grind · Daily Coffee News · Sprudge · World Coffee Portal · ICO · Scientific Reports / Kew · CNBC · Barchart