Lovers of Jablum will have to wait longer for roasted whole beans based on a coffee shortage which led to losses at the factory (pictured below).
Large Jamaica coffee factory Mavis Bank which makes Jablum Jamaica blue mountain coffee lost J$41 million (US$356,000) to its 50% stake holder Jamaica Producers Group up to its December 2104 year end. That equates to US$713,000 in total.
The factory continues to struggle from an island wide coffee shortage which resulted in farmers doubling prices to Mavis Bank compared with year earlier levels.
JP stated in Its just released financials that the group has a 50% holding in a joint venture company, Mavis Bank Coffee Factory
Limited that processes and sells Jamaican Blue Mountain coffee. “Up to December 31, 2014,
the group’s contribution to that joint venture was $136 million (2013: $136 million) used for working capital financing and start-up.”
jamaicamocha 