Coffee farmers weigh buying Starbucks

Colombian coffee producers are considering if the moment has come to join forces with other countries to buy the Starbucks chain, in order to have their own distribution channel.

Monday, November 24, 2008

The idea was presented by the manager of the Nation Coffee Growers Federation of Colombia (Fedecafe), Gabriel Silva, who in an interview published today in the "El Tiempo" daily in Bogota, said that coffee producing countries should provide money to make an offer.

Silva commented that the producers can take advantage of the current global financial crisis, since Starbucks' stocks dropped from $45 to $8.

More on this topic

Colombian Coffee Production Up 8%

April 2015

The production of soft washed Arabica coffee for the last twelve months reached 12.3 million bags weighing 60 kilos, 8% more than the 11.5 million bags produced in the corresponding previous period.

From a statement issued by the National Federation of Coffee Growers in Colombia:

Improved Quality of Colombian Coffee

March 2015

It has been reported that in the past two years the proportion of healthy kernal in a sample of pergamino coffee went up to 81%, while residues from threshing decreased from 20% to 19%.

From a statement issued by the National Federation of Coffee Growers of Colombia (FNC):

Coffee Growers See Starbucks Buying Slow

December 2009

Starbucks, one the leading buyers of premium coffee in Guatemala and Costa Rica, has been slow to sign contracts with growers this season.

Ricardo Villanueva, president of Guatemala's Coffee Association (Anacafé), speculated that the North American company, which usually purchases a quarter of the country's production, might be dropping Guatemala's high-priced beans in favor of cheaper origins.

Coffee producers in Costa Rica could join Starbucks brand

December 2008

After a difficult year of sales, Starbucks is looking to widen its sphere of coffee associates within Central and South America.

Coffee producers in both Costa Rica and Brazil were the first to show interest in joining the Starbucks coffee chain, as well as several companies in Colombia.

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