Good article in the Australian on Starbucks growth in the Chinese market which highlights the growth opportunity for RFG:
extract: "In China, a nation of tea drinkers, the coffee culture has exploded in recent years, especially in cities where customers will pay about $US5 for a cup. The potential untapped market remains huge: At 4.5 billion cups a year, according to data from Euromonitor International, consumption in China is a small fraction of the 133.9 billion cups a year drunk by North Americans. Euromonitor foresees Chinese coffee consumption rising 18 per cent annually to 2019. Observers say demand won't be derailed by the battered stockmarkets."
RFG Price at posting:
$4.30 Sentiment: None Disclosure: Held
