Ayenat Mersie

U.S. senators ask CBP to block imports of cocoa made with forced labour

17 Jul 2019

NEW YORK Senators Sherrod Brown of Ohio and Ron Wyden of Oregon urged the U.S. Customs and Border Protection (CBP) agency to block the import of cocoa made with forced labour in a letter published on Tuesday.

Disease lowers Ghanaian cocoa output, processors must import -sources

14 Jun 2019

June 13 Bad weather and crop disease have hampered the cocoa crop in second-largest producer Ghana, forcing processors there to import beans at rates higher than usual, sources familiar with the matter told Reuters.

Fair Trade USA raises cocoa price minimums

12 Jun 2019

NEW YORK Fair Trade USA will increase the floor price and fixed premium it requires companies to pay cocoa farmers under its certification system, the organization said on Tuesday.

Venezuelan cocoa piles up in New York as exporters scramble for cash

07 Jun 2019

NEW YORK U.S. stockpiles of Venezuelan cocoa swelled in May to levels not seen in at least five years, a Reuters analysis showed, as exporters in the crisis-hit country hit by U.S. sanctions scramble to raise cash however they can.

In push to raise coffee output, Colombia's south may hold key

22 May 2019

FLORENCIA, Colombia Colombia's isolated south could be crucial to the country's push to expand coffee production by nearly 30 percent despite low global prices, its growers federation says, as farmers seek to ramp up productivity amid security improvements.

Starbucks, Mercon announce separate sustainability loans

14 May 2019

NEW YORK Starbucks and Mercon Coffee Group separately announced sustainability-focused loan facilities on Monday, signaling the coffee sector's growing emphasis on sustainability as climate change and low global prices threaten the future of the crop.

Brazil minister says U.S. 'gesture' on beef imports insufficient

20 Mar 2019

NEW YORK Brazil's farm minister said on Wednesday that a U.S. agreement to conduct further inspections on the country's meatpacking system is a step toward reopening the United States to fresh Brazilian beef, but is not sufficient.

Target's Archer Farms coffee to be fair trade by 2022

20 Mar 2019

(Corrects to remove the word "all" from headline; fixes description of coffee type in first paragraph)

Ghana's Cocobod signs $300 mln loan to refinance bills, finance programs

20 Mar 2019

NEW YORK, March 19 Ghana's Cocobod signed a $300 million three-year loan with several international lenders on Tuesday to refinance central bank-raised cocoa bills and finance production enhancement programs, one of the lenders said in a statement.

Colombian proposal to ditch NY coffee price may send buyers elsewhere

19 Mar 2019

BOGOTA/NEW YORK A proposal by Colombian coffee growers' federation that producer countries sell their high-quality harvests untethered from the New York market price could encourage buyers to look for alternative providers, importers and exporters said.

World News