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JAMAICA: Minister Commends Salada’s $200-Million Investment In Coffee

From magneticmediatv.com

Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Audley Shaw, is lauding Salada Foods for injecting $200 million into the coffee industry, noting that the development will provide a secure market for farmers.

The company is purchasing 25,000 boxes of local coffee under a pilot project, with the objective of identifying a long-term business option.  A total of $100 million will be paid directly to farmers, and the balance used to process coffee berries to green beans, which is local raw material used by Salada to manufacture instant-coffee products.

 

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