Nestle to reward US$1.08m to cocoa farmers under the Nestlé Cocoa Plan (NCP)

GHANA - Nestle Ghana Ltd will reward US$1.08 million to over 17,615 farmers under the Nestlé Cocoa Plan (NCP) as the company looks to doing business profitably while ensuring sustainable development in the community they operate. The increased premium payment is geared at motivating farmers for quality cocoa production, meet production standards, increase local sourcing…

Cadbury Nigeria to focus on growing market share for profitability

NIGERIA - Cadbury Nigeria Plc has said that it will focus on growing market share, expand and improve its distribution network as a way of achieving sustainable growth as delivering better returns to shareholders, reported the Vanguard Nigeria. As the company strives to retain its market share, the company’s chairman Mr Atedo Peterside noted that…

UK-based fitness brand TrueStart launches new range of cold brew coffees

UK - TrueStart, a UK-based fitness brand, has launched a new range of Cold Brew, Nitro, and Home Brew coffees to appeal to a growing millennial consumer base. According to FoodBev, the new range of coffees will overhaul the brand from a performance sports drink to an inspirational lifestyle brand, as it aims to appeal…

UberEats inks product distribution deal with Café Coffee Day (CCD)

INDIA - The American online food ordering and delivery platform, UberEats through UberPortier B.V has entered into an agreement with Café Coffee Day (CCD) for food products distribution in India. According to Coffee Day Enterprises, CCD’s parent company, the partnership will help in expansion across the retail sector, reported ET Retail. "Coffee Day Global Ltd…

Rwanda coffee exports to surge on increased production

RWANDA - Rwanda is expecting to reach 24,500 tonnes in coffee exports this year following manifold efforts to increase both quantity and quality of coffee in the country. According to the National Agricultural Export Development Board (NAEB), coffee exports are expected to increase from 23,000 tonnes exported in the year 2017. Since 2016 when Rwanda…

Unilever receives positive opinion on health claim for tea from the EFSA

EUROPE - Unilever, the world’s leading tea company, has announced that the European Food Safety Authority (EFSA) has issued a positive opinion on the company’s evidence that black tea improves attention. According to EFSA, this opinion makes Unilever the first company in the EU to receive a positive scientific opinion on a health claim for…

Starbucks Corporation introduces Teavana as Chief Financial Officer to retire

USA – Starbucks Corporation, an American coffee company and coffeehouse chain, has announced that that Scott Maw, executive vice president and chief financial officer, is retiring effective Nov. 30, 2018. According to the company, it has already launched an external search for a new CFO. After his retirement, Maw will continue to support the transition in a…

Global tea production and consumption rises, according to FAO

WORLD - Global tea production and consumption will continue to increase over the next decade driven by rising demand in developing and emerging countries especially India and China which have seen accelerated growth, according to a May report by FAO. The report suggests the upward trend is attributable to a combination of higher incomes and…

Starbucks raises price of brewed coffee in most US stores

USA - Starbucks Corp has raised prices for brewed coffee by an average of 1 to 2% in the past year and according to the company, it was in line with industry practices, reported ET Retail. Some of the products affected included a regular drip coffee whose price rose by 10 cents to 20 cents…

Barry Callebaut partners with Ghana and Ivory Coast for sustainable cocoa production

GHANA - Barry Callebaut, one of the world’s largest cocoa producers and grinders has signed a letter of intent with Ghana and Ivory Coast to clear and replant trees infected with swollen-shoot virus disease in an initiative to ensure sustainable cocoa farming. The initiative, in collaboration with Ghana Cocoa Board (COCOBOD) and the Coffee Caco…