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.
Book review: ‘The Scent of a Dream: Travels in the World of Coffee’, by Sebastiao Salgado – http://wp.me/p2dd8z-3E4
Just sampled this hot pepper sauce by Busha Browne. It’s more sweet than pepper. Essence of orange or guava jam with sweet and hot peppers. It was a real delight on fish I ate. But of course you can use on any meaty of your choice.
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.
Three lbs of Jablum Gold 100% Jamaica Blue Mountain for under $60plus shipping. $18.99. The coffees expire in 2018.
Check out this item in my Etsy shop https://www.etsy.com/listing/520026043/jamaica-blue-mountain-coffee-8-oz-ground
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
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.
Single Estste Jamaican Blue Mountain coffee in our Etsy shop. Directly from Whitfield Estate. It’s 1.5lbs for under $48 inclusive of shipping. Great chocolatey and nutty profile. Medium-dark roast. It’s a joy to drink.
The price of Jamaica Blue Mountain (JBM) coffee jumped so much in 2015 that it now rivals the price of Kopi coffee and outpriced itself from Hawaiian Kona, but what goes up comes down.
Coffee bars around the world historically offer Kona and JBM at roughly the same prices . The 2015 local coffee shortage and rise in Japanese demand changed that with JBM retailing at about $60 per pound from about US$35 a pound a few years earlier for quality beans.
It resulted in the wealthy huffing and puffing but still buying the luxury super-uber-yummy coffee from Jamaica. The regular rich however choose to drink tea instead ( Starbucks buys Teavanna ).
Jamaicamocha spoke to key dealers who predict the fall in price of JBM by 2017 due to reduced demand in Japan and ramp up in supply. “A large Japanese dealer stopped carrying JBM and other roasters in Japan are bailing and crying about the price,” said dealer A.
With the rise in prices for JBM every farmer’s son and grandson returned to till the soil. The rise in farmers on resuscitated lands will result in a jump in production and the magic number is 350,000 boxes for the crop year.
Hitting that target would put supply at a decade year high.
Another dealer said that JBM’s market is like a pyramid the higher the price the smaller the market. Simple economics dictates that price remains when demand and supply are in equilibrium: Yet demand is falling and the supply is rising.
Jamaicamocha believes on advise of dealers that the prices will fall back to about $45 a pound by 2017. Until then small poor farmers benefit. Dealers benefit and the discerning consumer gets his uber fix without counterfeits.