IMPORTANT NOTICE | Mayberry Investments Limited is a cashless institution.

Mayberry Investments Limited is a cashless institution.
Please note that cash deposits into any Mayberry account held at commercial banks, whether made in-branch or via Automated Banking Machines (ABMs), are not accepted and will not be processed. For information on accepted payment methods, please contact your Investment Advisor.

Salada Foods Jamaica Limited (SALF) – Court’s Judgement on Company’s Application against JACRA

November 24, 2020

Salada Foods Jamaica Limited (SALF) has advised that SALF, having filed in the Supreme Court of Judicature of Jamaica, an urgent application against the Jamaica Agricultural Commodities Regulatory Authority (JACRA) for, among other things, leave to apply for judicial review to seek orders certiorari and mandamus for the decision taken by JACRA that pursuant to Jamaica Agricultural Commodities Regulatory Authority Regulations 2018 Section 19, “Salada must now include 30% local coffee content in the production of our instant coffee powder with effect on September 1, 2020”.

“On Friday November 13, 2020 Justice Nembhard delivered an oral judgment denying Salada’s application in which she ruled, among other things, that JACRA had the power under the Jamaica Agricultural Commodities Regulatory Authority Act to make regulations including regulation 19 and that instant coffee manufactured by the Salada was the subject of Regulation 19. She further ruled that JACRA had no power to grant a waiver to the requirements under regulation 19 and accordingly Salada could not have a legitimate expectation that a waiver should be granted.

“The Judge advised that a written judgment will be provided. Salada awaits same to assess the reasons given therein by the Judge for denying its application,” stated SALF.

Disclaimer:

Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.

More Stories from the Market
shutterstock_537598660
May 15, 2026 Jamaica Producers Group Limited (JP) Unaudited financials for the three months ended March 31, 2026: Jamaica Producers Group Limited…
shutterstock_382756177
May 15, 2026 Pan Jamaica Group Limited (PJAM) Unaudited financials for the three months ended March 31, 2026: Pan Jamaica Group Limited (PJAM…
shutterstock_382756177
May 15, 2026 GraceKennedy Group Ltd (GK) Unaudited financials for the three months ended March 31, 2026: GraceKennedy Group Ltd (GK) for the …
shutterstock_382756177
May 15, 2026 General Accident Insurance Co. Ja. Ltd. (GENAC) Unaudited financials for the three months ended March 31, 2026: General Accident…
shutterstock_382756177
May 15, 2026 Regency Petroleum Limited (RPL) Unaudited financials for the first quarter ended March 31, 2026: Regency Petroleum Limited (RPL)…
shutterstock_453968572
May 15, 2026   United States: US Industrial Production Rises by Most in Over a Year   US industrial production rose in April …
shutterstock_537598660
May 14, 2026 Future Energy Source Company Limited (FESCO) Unaudited financials for the twelve months ended March 31, 2026: Future Energy Sour…
shutterstock_382756177
May 14, 2026 Berger Paints Jamaica Limited (BRG) Unaudited financials for the three months ended March 31, 2026: Berger Paints Jamaica Limite…