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Demand Rises For Rainforest Alliance Coffee And Other Crops

By Jean Guerrero Of DOW JONES NEWSWIRES Global demand for certified coffee continues to rise, evidenced by a 13% on year increase in Rainforest Alliance certified coffee sales last year, Alex Morgan, the certifier's senior manager of sustainable agriculture, said Tuesday. The sales jump was driven by new and ongoing commitments from major coffee buyers, including Kraft (KFT), Nescafe (NSRGY) and Massimo Zanetti. Last year, 129,864 metric tons of coffee beans were sold with the label. "This growth represents a vital opportunity to transform the coffee industry into a more sustainable model," he said. Other certified crops also saw an increase. Around 3% of the world's coffee, and a similar percentage of its cocoa is certified by Rainforest Alliance, according to the certifier. Certified tea output represents 9% of global tea production. Overall production of Rainforest Alliance certified coffee rose 20% on the year to 245,000 metric tons. Certified cocoa output jumped 75% to 98,000 metric tons, as new chocolate companies such as Mars' Dove partnered with the label. Last year, 500 new companies signed up to buy or sell Rainforest Alliance certified products, bringing the total to nearly 3,000. Crops must meet a list of environmental, social and economic requirements in order to obtain a Rainforest Alliance certification. -By Jean Guerrero, Dow Jones Newswires; (5255) 5980-5180, jean.guerrero@dowjones.com

Stock News for Kraft (KFT)
DateTimeHeadline
06/18/201213:40:20Kraft Offers to Exchange Up to $3.6 Billion in Debt
06/12/201208:24:25DE Master Blenders Seeks to Become No 2 Maker of Coffee, Tea
06/08/201210:50:11Kraft Foods Will Transfer Listing to Nasdaq
06/08/201210:05:20Kraft Foods Will Transfer its Exchange Listing to Nasdaq
05/31/201216:56:10Corporate Bond Volume Tops May Forecasts Despite Volatility
05/30/201214:55:46Kraft Issuing $6 Billion Of Bonds As Treasurys Rally
05/18/201216:04:39Kraft Lowers Prices On Maxwell House, Other Coffee Brands -Reuters
05/18/201210:05:31Kraft: IRS Confirms Tax-Free Status Of Spinoff
05/15/201218:54:34Ackman's Pershing Square Slashes Kraft Stake By Nearly 27%
05/15/201217:58:10Buffett's Berkshire Shows New Stakes In General Motors, Viacom
05/04/201214:47:10US Stocks Tumble After Jobs Report; Nasdaq Faces Year's Biggest...
05/03/201216:55:15Kraft 1Q Profit Up 1.8% As Revenue Strengthens, Margins Weaken
05/03/201212:24:36Ackman's Pershing Square Funds Gain 1% In April
04/17/201215:44:24Demand Rises For Rainforest Alliance Coffee And Other Crops
04/13/201202:29:48European 1Q Cocoa Grindings Fall 0.1% On Year - ECA
04/12/201215:38:38Kraft Ends Athenos Greek-Yogurt Line, Exits Fast-Growing Space
04/10/201214:12:10EARNINGS PREVIEW: Consumer-Product Cos Take Steps To Defend Market...
04/06/201217:56:10Kraft Recalls Batch Of Planters Peanut Snacks
04/03/201215:46:12Kraft Lifts The Lid On Its Grocery Business
04/03/201210:07:22Kraft CEO's Total 2011 Compensation Up 13.5% To $21.9 Million

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