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| 8/27/2009 12:00:00 AM

New Colombia coffee czar sees no Starbucks deal for now

Aug 27--Colombian's new coffee chief Thursday said the national federation had no plans for now to purchase shares in U.S. chain Starbucks Corp. as a way to better its distribution to the major U.S. market.

New Colombia coffee czar sees no Starbucks deal for now New Colombia coffee czar sees no Starbucks deal for now
Previous director Gabriel Silva had said Colombia, the world's No. 3 exporter, and other coffee-growing associations in Brazil and Central America were considering purchasing a share in Starbucks to improve their distribution network.

"For now, the subject of buying shares is a closed subject," National Federation of Coffee Growers director Luis Genaro Munoz told reporters after he was elected into the post by the group's regional committees on Thursday.

Munoz, a federation veteran who says he will follow Silva's policy line, was competing against Luis Guillermo Echeverri, a Colombian representative to the InterAmerican Development Bank, and Juan Guillermo Angel, a central government advisor for San Andres island in the Caribbean.
 
Read more here.
 
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