Swiss Sucafina Bets on Coffee Farming With Brazil Venture
- Sucafina strikes deal for minority stake in Monte Alegre farm
- Company plans to expand farming partnerships elsewhere
Black Ivory Coffee beans are displayed on November 26, 2016 in Baan Ta Klang, Thailand.
Photographer: Taylor Weidman/BloombergThis article is for subscribers only.
Swiss trader Sucafina SA is betting on coffee farming with a joint venture in Brazil, the world’s largest producer.
The Geneva-based company has reached an agreement for a minority stake in the venture with Cia Agropecuaria Monte Alegre, a century-old producer in the heart of Brazil’s coffee belt. Sucafina, which already has a farm partnership in Ecuador, wants to strike similar deals in other parts of Brazil as well as other countries, Chief Executive Officer Nicolas Tamari said.