New Colombia Resources to foray into organic coffee market
New Colombia Resources, a US-based development stage company, has signed an agreement to acquire Café Tolima Don Diego for the distribution of USDA Certified Organic Coffee internationally.
New Colombia Resources will set up a sales office in Colombia to oversee domestic and international sales to North America, Europe and China. Café Tolima Don Diego is in talks with supermarket chains, airlines, and wholesale clubs across the US and Colombia.
New Colombia Resources president John Campo said that with coffee bean prices at an all time low, the company feels this is the best time to enter the coffee business since the price on the shelf for organic coffee doesn't reflect the low futures prices.
"In reference to coking coal, I feel the recent upgrade of met coal stocks is very encouraging since we expect to begin selling coal in the coming months after prices have recovered," added Campo.
New Colombia Resources focuses on the acquisition and development of high-quality metallurgical coal properties and other available resources in the Republic of Colombia. The company expects to have three revenue producing businesses; metallurgical coal mining, African palm distribution, and traditional and organic coffees.
The company will begin coffee distribution in Colombia and US by buying 16,000lb organic coffee.