For Immediate Release
Mavis Bank Coffee Factory Limited
Paying out J$50M to 6,000 Jamaica Blue Mountain Coffee Farmers
February 19, 2012:
Senator Norman W. Grant, Managing Director & CEO of Mavis Bank Coffee Factory Limited has announced that the company has declared a final price of $3,091.00 per box, (including the Coffee Industry Board cherry production cess of $91.00 per box, first payment of $2,000 per box and final payment of $1,000 per box) for the 2011-2012 crop and will pay a total of J$50M to six thousand (6,000) farmers for the delivery of some 52,000 boxes of coffee from August 1 to December 31, 2011.
Senator Grant says, "The payment of J$3,091 per box is 20% more than the J$2,500 per box paid for the crop 2010-2011 and the $50 million pay out to the farmers is after deducting the cost of fertilizer and other input supplied to the farmers estimated at $5m.
The company will continue to provide farmers that supply coffee to Mavis Bank Coffee Factory Limited with fertilizer and will recover this from coffee supplied by farmers for the period January to July 2012. Our decision to pay the farmers as early as we have now done and to continue to provide inputs to farmers supplying cherry coffee to the Mavis Bank Coffee Factory Limited underpins Mavis Bank Coffee Factory Limited’s commitment to our farmers and the Restoration of the glory days of Jamaica Blue Mountain coffee over time."
Senator Grant further says, “It must be noted that the projection of 140,000 boxes of Jamaica Blue Mountain coffee by the Coffee Industry Board for the crop 2011-12 is the lowest production in 20 years outside the periods where the crop was affected by a hurricane, as such MBCF is committed to the building of a long term relationship with our farmers for the rebuilding of production levels and also to the establishment of markets.
The farmers being paid are Jamaica Blue Mountain Coffee farmers growing coffee in the Blue Mountain region in the parishes of St. Thomas, St. Andrew and Portland.
Senator Grant says further that all coffee farmers will be paid between Monday, February 20 and Friday, February 24 commencing with farmers supplying to coffee depots in Western St Andrew and St Thomas on Monday and Tuesday February 21 and 22nd and Eastern St Andrew and Portland on Thursday and Friday February 23 and 24.
The payment schedule is as follows:
Monday and Tuesday February 20 -21, 2012 – Western St. Andrew, and St. Thomas
Thursday and Friday February 23- 24 , 2012 – Portland and Eastern St. Andrew
Senator Grant also noted that Mavis Bank Coffee Factory for the crop year 2011-2012, remained the largest processor and exporter of Jamaica Blue Mountain Coffee, handling approximately 50% of the Jamaica Blue Mountain coffee crop and market and continues to be the only processor that purchases cherry berry from coffee farmers through the crop year, confirming our commitment to our farmers.
The company continues to supply green coffee to Japan, the USA, Europe and China and is supplying value added products under its Jablum Brand globally with major focus on the hotel and supermarket trade locally, cruise shipping industry and the Caribbean markets.
Mavis Bank Coffee Factory Limited was recently acquired by Jamaica Producers Group and Pan Jamaica Investment Trust Limited.