Starbucks Commits $20M for Emergency Relief to Farmers Impacted by Coffee Price in Central America

In response to critically low coffee prices in Central America, Starbucks (Nasdaq: SBUX) announced today a commitment of up to $20 million to temporarily relieve impacted smallholder farmers with whom Starbucks does business, until the coffee market self-corrects and rises above the cost of production. These funds will go directly to smallholder farmers in Nicaragua, Guatemala, Mexico and El Salvador to subsidize farmer income during the upcoming harvest season in Central America. “A majo…

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Source: WebWire
Starbucks Commits M for Emergency Relief to Farmers Impacted by Coffee Price in Central America