CÔTE D’IVOIRE: Nestlé buying coffee beans in Ivory Coast
The local subsidiary of Swiss food titan Nestlé said it has resumed the purchase of coffee beans in Côte d'Ivoire (formerly Ivory Coast). Nestlé sources said the company's seven purchasing centres upcountry are offering a reference farmgate price of 300 CFA francs (US$0.45) for a kilogram of good quality, dehulled coffee, reported Reuters. This represents a 20% improvement on prices paid last year.
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