No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveStarbucks buys coffee farm in Costa Rica

Starbucks buys coffee farm in Costa Rica

Starbucks Corp. bought a coffee farm next to Poás Volcano in the province of Alajuela to expand the company’s grower-support program and allow the coffee-shop operator to purchase more coffee beans grown in an ethical fashion.

According to the Wall Street Journal, the transaction may have hovered between $5- $10 million and was closed last week.

The 240-hectare farm will help support growers and their families, while allowing Starbucks to create new blends of coffee to sell, Chief Executive Officer Howard Schultz said in a statement. Seattle-based Starbucks has committed to buying only ethically sourced coffee by 2015, The Washington Post reported.

The farm will allow development of new varieties of Starbucks coffee through hybridization (but not genetic modification) and different processing techniques that result in a unique flavored coffee, the company stated.

Starbucks, which sells fair-trade blends and reserve coffees from several countries has spent some $70 million during the past 40 years on farmer-support programs and loans.

It opened its first farmer-support center in San José, Costa Rica, in 2004 and has since opened others in Rwanda, Tanzania, Colombia and China.

Last year the company opened its first two coffee shops in Costa Rica, at malls in San José.

Popular Articles

Costa Rica June Gardening: Grow Fruit Trees and Veggies with Compost

Sunny, clear morning skies, rainy afternoons and ripening fruit on the trees are all part of June days in Costa Rica. June is also...

El Salvador’s Bukele Says He Doesn’t Care If He’s Called a Dictator

El Salvador’s President Nayib Bukele declared Sunday that he "doesn't care" if people call him a dictator, amid mounting criticism over recent arrests of...

Costa Rican Fishermen Sound Alarm on Gulf of Nicoya’s Overfishing Crisis

In Costa Rica’s Gulf of Nicoya, fishermen are raising urgent concerns about a growing crisis threatening their livelihoods and the region’s marine ecosystems. Illegal...
L. Arias
L. Arias
Reporter | The Tico Times |
spot_img
Costa Rica Tours
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest Articles