Boiler accident cease local coffee production at Salada

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.

 

Afternoon cup of joe

 

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Best time to visit cafes in Liguanea, Kingston

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.cafes high and low periods 2019

Banksy 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.

 

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Ethiopian nespresso

IFC announced this month that it’s complementing a us$3.2 million loan transaction to Nespresso in order to raise the yield of Ethiopian coffee farmers.

It’s an Advisory Services initiative to “increase farmer productivity” by integrating a broad range of ecological considerations and wildlife preservation in the region of Oromia (Ethiopia). The initiative is possible due to an alliance with the BioCarbon Fund from the World Bank in which grant funds will be used to train coffee farmers with practices that will meet Nespresso’s AAA Sustainable Quality program. Smallholders participating in the project will be trained with skills to better manage the coffee crop, on benefits in using shade trees, prevention of deforestation and improving the quality of coffee produced. The improved agronomic, environmental and social practices will ultimately improve livelihoods of coffee farmers and their families.

Starbucks confirms Jamaica 

(May 4, 2017) –  Starbucks Coffee Company today announced it entered a geographic licensing agreement with Caribbean Coffee Traders Limited, a consortium led by Margaritaville Caribbean Group, a leading restaurant management and franchise operator in the Caribbean. The agreement grants Caribbean Coffee Traders the exclusive rights to own and operate Starbucks® stores in the country. Jamaica will be Starbucks 17th market in the Latin America and Caribbean region, with the first store slated to open in Montego Bay.

“Jamaica is a country blessed with a rich culture and heritage, particularly with its locally-grown and world renowned Blue Mountain coffee, which Starbucks has sourced as a specialty offering for over 40 years,” said Ricardo Rico, Starbucks general manager and vice president for Latin America operations. “We are delighted to build on this legacy and continue our expansion into the Caribbean by introducing the Starbucks Experience in Jamaica for the first time. As we position the brand for continued growth, we are proud to add Caribbean Coffee Traders to our strong network of licensing partners and leverage their proven market capabilities to reach new customers.”

Starbucks® stores in Jamaica will be operated by Caribbean Coffee Traders Limited, a joint venture between Ian Dear, Chief Executive Officer of Margaritaville Caribbean Group and Adam Stewart, who is also Deputy Chairman and Chief Executive Officer of Sandals Resorts International. Margaritaville Caribbean Group currently operates restaurant, entertainment and tour concepts throughout the Caribbean, and provides complete, multi-branded food and beverage experiences for major Caribbean tourism hubs. Margaritaville Caribbean Group’s brand portfolio includes a diverse collection of proprietary brands, international franchises, casual dining concepts, themed bars and popular quick service restaurants, including Wendy’s, Dominos, Dairy Queen, Quiznos, Auntie Annie’s, Cinnabon, Moe’s Southwest Grill and Nathan’s. The group employs over 1,000 people throughout the region.

“We are thrilled to welcome Starbucks, a globally recognized brand, to Jamaica. Leveraging our knowledge of the local market, we will deliver upon the Starbucks Experience and create a global platform for Jamaica’s locally-grown and Blue Mountain© coffee.” said Ian Dear, Chief Executive Officer of Margaritaville Caribbean Group. “Our organizations share similar values, including our dedication to the customer experience, commitment to our crew members, and responsible corporate citizenship.”

For more than 45 years, Starbucks has built its brand by delivering a consistent, authentic in-store experience to customers around the globe that is rooted in high-quality arabica coffee and engaged, knowledgeable baristas. Since launching the brand in Latin America, Starbucks has grown to over 1,000 stores across 16 markets, 15 of which are operated by trusted licensing partners. In the Caribbean, Starbucks licensees currently operate 43 stores across Aruba, the Bahamas, Curacao, Puerto Rico, and most recently, Trinidad and Tobago. Jamaica will become the company’s sixth market in the Caribbean region. 


Starbucks in Jamaica will target travelers

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Starbucks would drop two cafes in Jamaica which will target tourists primarily at least initially, according to Coffee dealers who spoke to Jamaicamocha .

The talk is that the Sangster International Airport in Montego Bay
could see a location followed quickly by another, at a new business
hotel under construction in Kingston. (Let’s avoid names for the moment.)

Of course, last month the Gleaner reported that Starbucks is considering entering the island along with other Caribbean territories in the medium term.

It just so happens that the busy Montego Bay airport which currently
doesn’t have any store slots available will see 25 per cent of the
stores come up for contract renewal this year, according to media reports.

Sources say that’s where the Starbucks franchisee will snatch up a vacancy and outbid an
existing operator. But it might not even have to come to a bidding
war, as the franchisee already supplies the airport with food
and beverage. (I have already said too much.)
Who are the two private sector players seeking to acquire the
Starbucks franchise in Jamaica–They are both in hospitality sector, the
media says.

Will Starbucks increase the coffee culture? Will Starbucks improve a
cup of local coffee? Or would it simply increase the price? Let’s see. Not all cafe players are upbeat about the prospects especially those who earn from the tourist market.