JACRA Imposes Use Of 30% Local Coffee Blend On Salada
From: jamaicaobserver.com
The Jamaica Agricultural Commodities Regulatory Authority (JACRA) is setting the record straight regarding its recently imposed 30 per cent local coffee content requirement in the formulation of Salada Foods’ instant coffee blend to take effect on September 1, 2020.
Further, JACRA has indicated that it will not be extending the 10 per cent local coffee content waiver, which Salada has been enjoying since January 2018.
In a regulatory filing last week to the Jamaica Stock Exchange, where its shares are traded, Salada reported that pursuant to JCRA Regulations 2018, Section 19, it has been ordered to now include 30 per cent local coffee content in the formulation of its instant coffee.
At present, Salada uses 10 per cent local coffee in its blend of instant coffee.
