News

Nestlé invests in Ethiopian coffee

17 Nov 2015

Nestlé and its industry partners have invested CHF1.3 million ($1.3 million) in a new food traceability system in Ethiopia designed to increase the nation’s coffee exports by allowing buyers to track the commodity’s ‘footprint’.

Nestlé invests in Ethiopian coffee

Nestlé and its industry partners have invested CHF1.3 million ($1.3 million) in a new food traceability system in Ethiopia. The initiative is expected to increase the nation’s coffee exports by allowing buyers to track the commodity’s ‘footprint’ to better ensure its quality and sustainability.

The Ethiopian Commodity Exchange (ECX) has launched the new CHF4.5 million ($4.5 million) system, which covers over five million smallholder farmers who produce multiple commodities traded by ECX. Nestlé is backing the system, which is being piloted with coffee, through the Sustainable Coffee Program.