Colombia: Colombia Reaps ‘Peace Dividend’ with More Buying by Nespresso

Nov 28, 2017 | Isis Almeida, Bloomberg
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Nespresso is extending its coffee buying in Colombia by going deep into previously conflict-hit regions after the Andean nation signed a peace accord last year that won a Noble Prize for President Juan Manuel Santos. The unit of Nestle SA, the world’s largest coffee company, plans to purchase as much as five times more beans from the Caqueta region next year as part of a $50 million investment in sustainable high-quality production, the company said in a statement. Sourcing will reach San Vicente del Caguan, a community that was once at the center of armed conflict.