The purpose of bond issuances in 2014 is to raise capital for accelerating the process of development of coffee plantations in the Equateur province in the north of the Democratic Republic of the Congo. There are several privately-owned firms that actively consolidate plantations and cultivate soft commodities, chiefly coffee beans (Arabica & Robusta) and cocoa. The primary revenue center for the business comes from the direct cultivation, harvesting and trading of coffee beans on a day to day basis. The companies, through their established relationships with commodity brokers and Futures Commission Merchants, effectively sell the harvested beans overseas through the port in the west of the country. The companies’ secondary stream of income is derived from active trading of coffee beans that are not to be shipped out of the country.
At this time, the group of companies is seeking to raise the necessary capital for improving the operations. The vast majority of the invested capital will be used for direct boosting of the land ownership. Briefly, the capital will be used as follows:
- Purchase of the land for coffee growing
- Transformation into coffee plantations where needed (consolidation and cultivation)
- Mainly purchase of the already-existing coffee plantations
- General working capital
The mission is to develop the local companies into well-established coffee growing and trading firms that are aiming to become major players in the African region with the intent to realize sustainable growth of profit over the next years. Coffee growing has a very long history in the DRC, therefore through their expertise, the firms will be able to bring the operations of the businesses to substantial profitability. A strong rate of growth after having raised the necessary capital to expand the land ownership is widely expected. The land area cultivated for coffee will be expanded substantially given the prevailing land prices in 2014.
The impetus to raise funds through this public bond issue comes during the times of surging coffee prices. An unusual drought during the rainy season in Brazil sent coffee futures soaring earlier this year to their highest prices in more than two years. Vietnam, on the other hand, as the second largest coffee exporter, is facing a spread of fungus that is majorly detrimental to coffee beans. Africa and the DRC, as its former largest coffee exporter, are on their way to regain the market position damaged by its civil war a few years ago. Largest coffee growers include Ets. Kantuun, Ets. Assani, SAA, Tsibaka Hintes.
The said corporate bonds will yield attractive coupons over the next years and guarantees are expected to be issued in order to eliminate the possibility of default. This will be provided by an entity tied to the government of the DRC. The details are yet to come and will be specified in the subscription agreements.
United Natural Foods, Inc. has joined the IX-ONE™ data exchange as a founding member and will work cooperatively to help grow the IX-ONE exchange and increase its adoption. UNFI will also support one of IX-ONE’s product capture stations at its York, Pennsylvania, distribution center to help facilitate the data capture process.
“Product information is critical for all of us. Our industry needs a comprehensive solution to the problem of dysfunctional data. IX-ONE is it. We strongly encourage our supplier, broker and retailer partners to consider the IX-ONE solution,” said UNFI’s Vice President of Marketing John Raiche. “UNFI is excited to be pioneering this industry-changing initiative because in addition to streamlining our new item setup process, we believe it will help all industry partners increase sales, reduce costs and ultimately lead to a much more efficient supply chain.”
“We are excited to have the industry’s largest distributor as a founding member of the IX-ONE exchange,” said IX-ONE’s CEO Troy Benscoter. “UNFI has once again taken a leadership role in the industry; this time to help us take unnecessary costs and redundancy out of the supply chain.”
“Standardizing our data, and simplifying the sharing of the data using the IX-One exchange, will help each of our partners support the continued growth of the natural and organic industry. For the first time, we will be able to communicate in the same data language. This is a leap forward, and we are excited to be a part of it,” said Daniel Ratigan, UNFI National Vice President, Management & Business Intelligence, Information Technology – Data Management.
Emmi Roth USA received awards for its Grand Cru® Reserve, Grand Cru Surchoix® and Montanella™ Raclette cheeses at the recent Global Cheese Awards, held September 11, at the Frome Agricultural & Cheese Show in Frome, England. Since January, Emmi Roth has been recognized with 17 award wins in domestic and international competitions.
Roth® Grand Cru Reserve took home a gold medal in the Single Specialty Cheese Hard category. Crafted in authentic copper vats and cured by Roth cellar masters for a complex and full-bodied flavor unlike any other, Grand Cru Reserve is aged six to eight months to develop earthy and nutty flavors. Last month, Grand Cru Reserve took home the prestigious title of Grand Champion at World Dairy Expo.
Roth Grand Cru Surchoix also secured a gold award in the Overseas Cheeses category, which consisted of cheeses from non-European countries. Made from a combination of the finest Wisconsin milk and classic Swiss traditions, Roth Grand Cru Surchoix cures for a minimum of nine months, providing a firm texture and complex flavors of caramel, fruit and mushroom.
Montanella Raclette, a classic washed rind cheese, was awarded silver in the Overseas Cheese category. Montanella Raclette is handcrafted in small batches and cellar cured to deliver a velvety, semi-soft body and a nutty, yeasty finish.
“We are honored to receive continued recognition for all of our cheeses on national and international stages,” said Linda Duwve, Vice President of Sales and Marketing at Emmi Roth USA. “Our cheesemakers and cellar masters are committed to delivering exceptional products. Award wins like this demonstrate the hard work and dedication everyone puts into our cheeses.”
Since 2011, the Global Cheese Awards have brought together cheesemakers from across the world to compete for various titles of distinction. This year’s competition featured more than 1,200 entries from 15 different countries.
Crafted from lightly, sweetened, fair trade coconuts, Nutiva’s O’Coconut snacks only have 60 calories each. Enjoy coconut with O’Coconut Classic or O’Coconut Hemp & Chia for an added boost of omega-3s. These organic, non-GMO bite-sized delights are guaranteed to be a Halloween crowd pleaser among costume-clad children and adults alike.
Nutiva O’Coconut Classic and O’Coconut Hemp & Chia recently launched at Whole Foods Market locations nationally and are available for purchase online at nutiva.com.
Crammed full of the snack lovers’ favorite holiday ingredients, barkTHINS is offering Dark Chocolate Pumpkin Seed for fall and will be releasing Dark Chocolate Peppermint Pretzel in limited edition for the winter holiday season. They’re crafted for the sophisticated snacker—thin, snapable and unbelievably delicious!
barkTHINS are nonGMO Project verified, fair trade ingredient certified™, and contain no artificial colors or flavors. Packaged in 4.7-ounce re-sealable gusseted bags, barkTHINS® are also available in four seriously tasty everyday flavors: Dark Chocolate Almond, Dark Chocolate Mint, Dark Chocolate Pretzel and Milk Chocolate Peanut.
“Pumpkin is fall’s favorite flavor so barkTHINS Dark Chocolate Pumpkin Seed with a touch of sea salt is a natural combination,”says Deborah Holt, Chief Marketing Officer of Ripple Brand Collective and a member of the board of directors for the Specialty Food Association.”Additionally, specialty food consumers love peppermint bark. By combining two classic barkTHINS flavors—Peppermint and Pretzel—we’ve given consumers an indulgent snack they won’t be able to put down this holiday.”
barkTHINS are also available in 10-ounce holiday tins, 2-ounce grab-and-go bags, as well as club size. For additional information on barkTHINS® products, visit barkthins.com and check them out on Facebook.
Ariston Preserves are made by a local family using fresh fruit, not pre-frozen blocks of pulp. The preserves are produced in accordance with what fruit is in season at the time. For example, since the apple harvest will begin from September to October, this is when Ariston produces its Apple and Cinnamon Preserves. This method allows Ariston to use what fruit is naturally ripened by nature and not last year’s frozen fruit, which hinders taste and quality.
Current flavors in Ariston’s product line include apple and cinnamon (a.k.a “Apple Pie in a Jar!”), strawberry, peach, apricot, orange marmalade and fig. The company also offers olive tapenades and sundried tomato pesto, as well as a wide range of infused olive oils and vinegars. All of Ariston’s products naturally complement cheese.
For more information, contact Ariston Specialties at 860.224.7184, or visit the company online at www.aristonoliveoil.com or at www.facebook.com/aristonoliveoil. Click here for more Gourmet News about Ariston Olive Oils.
Table for 2 from Wind & Willow gives us the comfort food we crave without having to cook for a crowd. The line includes soup mixes, pasta kits and heavenly desserts. The Mushroom Parmesan Pasta is particularly to die for, as is the Warm Apple Crisp (Grandma would be proud). In addition, one of consumers’ favorite things about the line is the alternate recipes (use the White Cheddar Potato Soup to make Chicken Pot Pie for 2, for example).
J.R. Watkins is introducing gourmet products that bring to life the most on-trend flavors for fall feasts and holiday celebrations. The natural spices and extracts will make adding fun, seasonal flavors to holiday cooking simple, so the focus can be on enjoying time – and of course food – with family and friends. The tasty additions are now available nationwide and include Pumpkin Spice, Creamy Cinnamon Sugar and Garlic Herb Seasoning, as well as Pumpkin and Hazelnut Extracts.
“Consumer tastes are evolving. They’re seeking more variety and the highest-quality ingredients,” said J.R. Rigley, President and CMO of J.R. Watkins. “Our mission is to help bring today’s top flavors to consumers’ tables by fulfilling unmet needs for versatile, multi-purpose and seasonal ingredients.”
Rabbit Creek Products has three new dips to celebrate with. If you are a fan of hot, spicy, flavorful dips, then the company’s Damn That’s Hot Dip is right up your alley. Rabbit Creek’s new Cheeseburger Dip has all the taste of a cheeseburger in one convenient package, allowing you to enjoy yourself without slaving over hot coals. Pairing up beautifully with the Cheeseburger Dip is the new Dill Pickle Dip. For all who are pickle-holics, this is a hopelessly addictive creation. Like all of Rabbit Creek Products’ wares, these dips are available in private label for free. The team at Rabbit Creek can be reached by email at email@example.com or by phone at 800.837.3073.
Click here for more about Rabbit Creek’s dips.
Manuka Delight is rich creamy 100 percent New Zealand Manuka honey wrapped in 100 percent pure dark chocolate at 99 percent cocoa (unsweetened) with soothing peppermint. It is that simple and that good – just three ingredients for a natural healthy energy pick me up, everyday treat or a perfect after-dinner mint. Manuka Honey is known for helping with digestive conditions and helping with the body’s defense system. Harvested from the clean New Zealand Manuka forests, this honey is unheated to retain all the natural food properties. Pacific Resources first introduced Manuka Honey to the United States over 15 years ago and continues to represent family-owned beekeepers that take pride in producing the highest quality products. See all the great New Zealand products at www.shoppri.com.