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Starbucks Commits up to $20 Million to Provide Emergency Relief to …


In response to critically low coffee prices in Central America, StarbucksSBUX, +1.28% announced today a commitment of up to $20 million to temporarily relieve impacted smallholder farmers with whom Starbucks does business, until the coffee market self-corrects and rises above the cost of production. These funds will go directly to smallholder farmers in Nicaragua, Guatemala, Mexico and El Salvador to subsidize farmer income during the upcoming harvest season in Central America.

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