Mondelez International, Inc.
) recently announced the opening of a farmer training center in
Vietnam to help coffee farmers improve the productivity and
quality of their crop. This will ensure high quality coffee beans
for iconic brands such as Jacobs, Carte Noire and Kenco of
Mondelez, one of the largest buyers of coffee in Vietnam.
The training center is the first project under Mondelez's $200
million "Coffee Made Happy" sustainability program. The program
aims to train around 1500 farmers and supports Mondelez's goal to
buy 100% ethically sourced coffee in Western Europe by 2015. The
packaged food company plans to invest more than $1 million in
Vietnam and Indonesia over the next two years to support the
Mondelez's Vietnam investment comes on the heels of similar
efforts by the coffee giant,
) earlier this year. In March, Starbucks purchased a 240-hectare
coffee plot in Costa Rica with plans to convert it into a global
agronomy research and development center. The farm will be used
to grow new blends of coffee and support Starbucks'
billion-dollar commitment to buy 100% ethically sourced coffee by
Mondelez carries a Zacks Rank #3 (Hold) as the company is
still in a transitional stage and it is likely to take some time
to stabilize. Mondelez emerged from a split of Kraft Foods, Inc
last year when the latter was demerged into two companies-
Kraft Foods Group
). Kraft Foods Group consists of the North American grocery
business of the old Kraft Foods while Mondelez handles the
latter's snack business, which includes brands like Cadbury and
Another consumer staple stock that is worth a look is
Flower Foods Inc.
), carrying a Zacks Rank #1 (Strong Buy).
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