The global cocoa market is currently facing a challenging situation. The supply of cocoa beans has been in deficit for two consecutive years, and another deficit is expected for the current season. Meanwhile, the demand for cocoa is uncertain leaving the future of the industry with a dire outlook. According to the latest report from […]
Nestlé launches “Weather Insurance” program to support coffee farmers against climate change
Nestlé, the world’s largest food and beverage company has announced that it is piloting a weather insurance program for over 800 smallholder coffee farmers in Indonesia who supply coffee to its Nescafé brand, to help them cope with the impacts of climate change. The insurance scheme will provide financial protection for coffee producers in the […]