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CFC supports the development of a sustainable agricultural production in Pojuca, Brazil

News Post
Posted on 10/01/2019 by

19 December 2018, Amsterdam.  The Common Fund for Commodities (CFC) has signed a EUR 1,000,000 loan with Jan Stap B.V., aimed at supporting the development of an agricultural production base of limes in the municipality of Pojuca, in Bahia State, Brazil.

With an estimated annual production of 12 tons of lime, the project will provide stable employment to about 50 local farmers in a poor region in Brazil. In addition, the project will indirectly create additional jobs along the value chain in the processing and logistic services. The project aims at obtaining the Global Gap and FAIR TRADE certifications by the first year of harvesting, ensuring fair working conditions throughout all the value chain.

The agreement was signed by Parvindar Singh, Managing Director of the CFC and Fabricio Costa Torres (the owner of Jan Stap B.V.).

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From right to left: Ms. Alessandra Marocco, CFC Portfolio Manager; Mr. Parvindar Singh, Managing Director of CFC; Mr. Fabricio Costa Torres, owner of Jan Stap B.V.; Mr. John van Wijk, CEO of Raad International BV (Financial Advisor of Jan Stap BV); Ms. Annemarie den Tex, CFC Legal Adviser.

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