An accident in the boiler room at instant coffee processor Salada Foods Limited led to a $23 million net loss for the December quarter 2018 and the halt of production.
The good thing is that enough branded Mountain Peak instant coffee was in the trade and still available for purchase.
The decline arose last October from an accident in the broiler room wherein both boilers were damaged and had to be taken offline. The main boiler only came back online at the end of November arising from repair delays, said Salada which manufactures instant coffee and ground coffee beans at its registered office on 20 Bell Road in Kingston.
“While it was down there was no production of coffee however there was sufficient finished goods inventory at Lasco and Salada’s overseas distributors to satisfy market needs,”said Salada in its interim report. Since February 2017, the company outsourced its distribution to Lasco Distributors.
Full production resumed last December, and it is now normalizing inventory levels with its distribution partners and expects by the end of the second quarter to get back on track with its financial results. Revenues amounted to $172 million for three months to December 2018 from $228 million in the corresponding period in 2017.
For the year ended September 30, 2018, the company led by General Manager Dianna Blake-Bennett grew its annual sales to $1 billion an increase of 19 per cent, up from $872,000 in the comparative year.
Improved exports and domestic sales were the keys to unlock much of the sales gains. Profits were buoyed by a strong sales performance, with Salada growing its domestic sales by 16.7 per cent, and improving its export sales in Canada and Barbados by 440 per cent and 220 per cent respectively.
Coffee lovers in the Liguanea coffee zone of Kingston need to know the best time to get a cup of coffee.
The three most popular cafes in Liguanea actually have different high and low periods and its not necessarily what you think.
The high periods are 11am at Cafe Blue, 11 at Cannonball and noon at Starbucks, that’s according to Google spy information.
It means that if you like people watching go to Cafe Blue at 11 and make your rounds to other cafes by noon.
Conversely, the best time to run in for a coffee without long lines would be 6am Starbucks, 8 am at Cannonball and 7pm at Cafe Blue.
So for all those Airbnb visitors with nothing to do mid day or players with the perfect pick-up lines avoid the mornings.
Ok, So there the coffee festival planned for the first weekend in March. Interested , well it depends on whether coffee is your love or your money-muse. The first day, March 1 is business Development workshops For Farmers.
Don’t let that deter you. It’s really the perfect day for overseas and locals roasters and traders who want to meet with local farmers and processors. After all we all want the access to the holy grail–Green beans. You can barter with the farmers or play hard ball with the licensed processors. Last year, that farmer workshops happened in the hills of the blue mountains but this year its set for the University of Technology. Utech as its known is at the foot of the mountain.
So those who need the best beans can take a visit. I doubt there’s an entrance fee like the festival itself on Saturday and Sunday at J$1,500 or about $12 USD.
Some coffee companies in the island are innovating. They want to expand the definition of great coffee to include a more fruity taste profile instead of preponderance of chocolate tones. No one will go on the record but expect options that are bursting with fruit to hit shelves within the medium term.
Guatemala coffee probably the closest in taste profile to Jamaica blue mountain. Click to consider affordable coffee.
OK, you know you are large when websites are putting your work on coffee mugs. This ‘laugh now chimp’ was stenciled in various parts of the UK but now has made its way to a coffee mug hahah.
The Banksy Laugh Now Chimp coffee mug shows a dejected chimpanzee wearing a billboard around its neck with the slogan “Laugh now, but one day we’ll be in charge”. Maybe people buying the mug will see it miraculously shatter before their eyes.
I wonder if Banksy likes Jamaica Blue Mountain in his cup.
Consumers are searching for Jamaica black castor oil even more than Jamaica blue mountain.
For each person searching for Jamaica coffee there’s about five searching for oil.