UTZ is a great place to work. Some brands use this unique tracking system to make the product traceable for their consumers.[17]. [15] [2] The UTZ program addresses agricultural practices, social and living conditions, farm management, and the environment. Some consider UTZ certified producer organizations to be vulnerable to the volatility of the coffee market. UTZ has developed, implemented and is currently managing the traceability system for the Roundtable on Sustainable Palm Oil. Coffee, cocoa and tea producers who are UTZ certified comply with this code. Any kind of chemical fertilizer may be used as long as an external, technically qualified advisor has determined the quantity of fertilizer to be used. UTZ stands for the sustainable farming of cocoa, coffee and tea with better opportunities for farmers by helping them to learn better farming methods, improve their working conditions and take better care of their children and the environment. according to the UTZ Code of Conduct. showing only Business & Finance definitions . [1] In 2014, UTZ was reported to be the largest program for sustainable farming of coffee and cocoa in the world. UTZ stocks went up by 4.44% for the week, with a monthly jump of 7.75% and a quarterly performance of 34.27%, while its annual performance rate touched 128.26%. William and Salie Utz began producing Hanover Home Brand Potato Chips in Hanover, PA, in their summer kitchen, cooking about 50 pounds of chips an hour. A core code is applicable to all farmers, and there are also additional requirements in product specific modules for coffee, cocoa and tea. UTZ is the largest sustainability program in the world for coffee. The UTZ program enables farmers to learn better farming methods, improve working conditions and take better care of their children and the environment. Utz Quality Foods, Inc. /ˈʌts/, more commonly known as Utz, is a large snack food company. Instead, the focus on good agricultural practices in the UTZ program is intended to enable farmers to increase the quantity and quality of their yield, and thus to increase their income. The Utz Story begins in a small town kitchen in 1921. Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. manufacturer of branded salty snacks, announced that its subsidiaries Utz Quality Foods, LLC (“UQF”) and Heron Holding Corporation have entered into a definitive agreement to acquire Truco Enterprises (“Truco”), a leading seller of tortilla chips, salsa and queso under the ON THE BORDER ® (“OTB”) … In 2012, 9% of the coffee produced in the world was UTZ certified (716,000 T (Metric Ton= 1000 kg), out of global production of 8,200,000 T[8]). UTZ cooperated with Ahold, Cargill, Heinz Benelux, Mars, Nestlé, and ECOM Agroindustrial to set up a new certification and traceability system for sustainable cocoa. [22], In July 2012, German magazine "Ökotest" published an article labeling UTZ, among others, as unfair, due to a lack of pre-financing and guaranteed minimum purchase prices. In 1997, they developed an all-encompassing Code of Conduct addressing the needs of people, planet, profit and transparency for both the producer and the roaster, MegaMex Foods and Herdez S.A. de C.V. Link/Page Citation Category Filters; All definitions (2) Information Technology (0) Military & Government (0) Science & Medicine (0) Organizations, Schools, etc. No chemical pesticides or fungicides banned in the European Union, the U.S., or Japan may be used, but any that are acceptable in those three markets are acceptable on coffee farms if they are applied "according to the label". UUA; UUAC; Alternative search: Search Ultrasound on Amazon; Search Ultrasound on Google [11], UTZ launched its hazelnut program in 2014 to explore the possibilities for sustainability in this sector as well. Solidaridad and Oxfam Novib also supported the initiative from the beginning. [23] In response UTZ stated that the foundation does not consider its standards fair trade, nor that it claims that they are, while maintaining that its standards contribute positively to sustainable development of tropical farming communities. The criteria of the UTZ Code of Conduct fall into four categories:[16]. What does UTZ stand for in Medical? Your abbreviation search returned 2 meanings. [25], For the Pennsylvania-based snack food manufacturer, see, Learn how and when to remove this template message, International Federation of Organic Agriculture Movements, International Institute for Sustainable Development, "Utz Kapeh proudly presents its new face: UTZ Certified 'Good inside. The certification system is based on a model of continuous improvement. UTZ Certified. Independent, third party auditors make annual inspections to ensure coffee producers comply with the Code of Conduct. When an UTZ certified producer sells their products (e.g. The buyer then gets notified and needs to confirm this in the traceability system. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. Utz Potato Chip, Pretzel Route for sale in the Athol, Massachusetts, region for $129,900! The Code of Conduct version 2014[14] is based on the international ILO Conventions and the expertise of many stakeholders, including the farmers who use it. The Code has been developed in a broad stakeholder process and therefore widely accepted. The UTZ program enables farmers to learn better farming methods, improve working conditions and take better care of … UTZ Read More » UTZ was launched in 2002 as Utz Kapeh, meaning 'Good Coffee' in the Mayan language Quiché. … UTZ. [21] UTZ's standards for example, explicitly announces that genetically modified coffee plants, though not at present available, would be allowable so long as farmers obey local regulations on their use. This would be a great job for anyone new to the working world even though there are lot of people who have been there for 10+ years. They sold those fresh chips to small local grocers and markets, primarily in … This in turn improves their incomes and gives them better market access and resiliency in difficult farming climates. UTZ also stands for: Greenland Western Standard Time [UTC - 0300] Unheimlich Toller Zauberer; Universal Time Zone; Universal Trade Zone; Up Transition Zone... and 3 more » Nearby & related abbreviations: UTWCR; UTWF; UTWM; UTX; UTY; UU; UU-UNO; UU. UTZ certified coffee, cocoa and tea is traceable through the supply chain, as UTZ uses a web-based traceability system. "[10] In 2019, "significant problems" had emerged with respect to with four of the auditing organizations working in the Ivory Coast. In 2009 the first UTZ cocoa products reached the market. The volatility ratio for the week stands at 5.13% while the volatility levels for the past 30 days are set at 4.06% for Utz Brands Inc.. In contrast to fair trade, no minimum purchase price is set. Producers have to comply with core safety and quality standards from year one. The UTZ label is featured on more than 10,000 product packages in over 116 countries. Coffee, cocoa and tea with an UTZ certification has added value in the sense that it assures buyers that it has been produced according to an internationally recognized standard for responsible production, i.e. [20], Michael Conroy, an independent consultant on certification for sustainable development, criticized UTZ in his 2007 book Branded! UTZ stands for sustainable farming and better opportunities for farmers, their families and our planet. The UTZ label is featured on more than 10,000 product packages in over 116 countries. UTZ. The price for UTZ certified coffee is determined in the negotiation process between buyer and seller. In January 2018, UTZ officially merged with the Rainforest Alliance in response to the increasing challenges of deforestation, climate change, systemic poverty, and social inequity. How is Urban Terrain Zone abbreviated? This page illustrates how UTZ is used in messaging and chat forums, in addition to social networking software like VK, Instagram, Whatsapp, and Snapchat. UTZ is a label for more sustainably grown cocoa, coffee and tea, in addition to some hazelnut. It offers a range of salty snacks, including potato chips, pretzels, cheese snacks, veggie snacks, pork skins, pub/party mixes, and other snacks under the Utz, Zapp's, Golden Flake, Good Health, Boulder Canyon, Hawaiian, and TORTIYAHS brands. In 2014, UTZ published its first impact report. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. [14], A certification body (CB) is an independent, third-party certifier. What does UTZ stand for in text In sum, UTZ is an acronym or abbreviation word that is defined in simple language. Abbreviation. Suggest new definition. This system was launched in December 2008. UTZ stands for Universal Trade Zone. What does UTZ stand for? Our employees enjoy working at Utz and this is shown by the great number that have now been with the company for many years. It stated that UTZ cocoa, coffee and tea farms generate higher yields and better quality crops than conventional farms, and being trained in the UTZ Code of Conduct helps farmers to improve their knowledge and adopt sustainable farming practices. The UTZ program enables farmers to learn better farming methods, improve working conditions and take better care of their children and the environment. ***. Find out why we have been a favorite for generations! FAQ: What Is the Difference Between Rainforest Alliance and Fairtrade Certification? Expands Position in Attractive Tortilla Chip Sub-Category. By doing so the seller announces when they are shipping what amount to whom. [14] Trained agronomists can advise on practical implementation of elements of the Code and give directions on improvement of efficiency in farm management. NEWS RELEASE. UTZ’s Market Performance. UTZ does not interfere in price negotiations. Where does it come from?” You may wonder yourself. https://acronyms.thefreedictionary.com/UTZ, 157,168 estates and smallholders have been, USK will be among the preferred suppliers for Roth & Rau, the listed company added.Country: , GermanySector: Solar PowerTarget: SLS Solar Line Saxony GmbHBuyer: Roth & Rau AGVendor: USK Karl, The company said that the approval process for the election of any new director under its Supervisory Agreement with the board of governors of the Federal Reserve is pending and, By Sandra Marquardt, consultant to the Organic Trade Association, Smithsonian Migratory Bird Center and, (Mexico City, Mexico) announced a new licensing agreement with, Xu is a postdoctoral researcher while Braun and, Buyer advisor: Ropes and Gray , TA(c)trault , Clayton, Demus decided to commit itself to obtain the double certification, offering its customers a new service of decaffeination (dichloromethane and/or water and activated carbon), dewaxing, removal of ochratoxin A and negative aromas and vaporisation for, Dictionary, Encyclopedia and Thesaurus - The Free Dictionary, the webmaster's page for free fun content, UTZ Certified farmers increase coffee sales, German Roth & Rau takes 100% in SLS Solar Line JV, HMN Financia declares re-election of directors, Farm to cup sustainability: good inside is good for the farmer and good for you: Utz Certified's Good Inside's sustainable agriculture program grew out of a partnership between a Guatemalan coffee grower and a Dutch coffee roaster. Top UTZ abbreviation meanings updated December 2020 There are no independent scientific studies that prove positive effects of UTZ. UTZ Certified stands for sustainable farming and better opportunities for farmers, their families and our planet. The UTZ program enables farmers to learn better farming methods, improve working conditions and take better care of their children and the environment. Utz Brands provides a wide variety of chips, pretzels, & snacks for your whole family to enjoy. 7 to No. These requirements include criteria for separation of UTZ-certified products and conventional non-UTZ-certified products, and keeping records of direct suppliers and buyers. The merged organization goes by the name Rainforest Alliance. UTZ Certified stands for sustainable farming and better opportunities for farmers, their families and our planet. UTZ identified four independent auditing firms it contracts with as the source of most of the flawed certifications. Announce New Licensing Agreement With UTZ Quality Foods, Utz Quality Foods, WeStock cooperate on shopping assistant app, Swiss researchers win Shin Research Excellence Award, CCMP Capital Closes USD 1bnAcquisition of BGIS Integrated Facility Management Services, Demus to Sell UTZ and Rainforest Certified Coffee, Uubiquitin-specific-processing protease 5. Looking for online definition of UTZ or what UTZ stands for? Where it all began. coffee, cocoa, tea) to a registered UTZ buyer, the product is announced in the UTZ web-based system. Rank. UTZ stands for sustainable farming and better opportunities for farmers, their families and our planet. To enhance the guarantee that a consumer product with an UTZ logo does indeed credibly link to an UTZ certified producer, the UTZ program contains chain of custody requirements. Technology, IT etc. HANOVER, Pa.--(BUSINESS WIRE)-- Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. manufacturer of branded salty snacks, announced that its subsidiaries Utz Quality Foods, LLC (“UQF”) and Heron Holding Corporation have entered into … Unheimlich Toller Zauberer. In 2016, UTZ certified 2.1 million hectares of cocoa, 567,000 hectares of coffee and 68,000 hectares of tea. Better farming. When you buy UTZ Certified coffee, cocoa or tea you are helping build a better future.UTZ Certified stands for sustainable farming and better opportunities for farmers, their families and our planet. But some of those farms use child labor, harm forests", 2020 Rainforest Alliance Certification Program, https://en.wikipedia.org/w/index.php?title=UTZ_Certified&oldid=1003896324, Agricultural organisations based in the Netherlands, Articles lacking reliable references from November 2019, Articles with unsourced statements from November 2014, Articles needing additional references from November 2019, All articles needing additional references, Creative Commons Attribution-ShareAlike License. Utz, the largest cocoa certifier, found "alarming" problems at four firms responsible for auditing a large portion of the world's supply", "UTZ Certified launches sustainable hazelnuts farming initiative in Turkey", "5 years of UTZ hazelnuts: why this is the time for cocoa companies to get on board", "UTZ's new code of conduct is more robust and flexible, Simpler structure will enable more farmers to join the program", "Trade and Traceability: Traceability of UTZ CERTIFIED coffee from grower to roaster makes the UTZ CERTIFIED program unique", "Is Global Business Hijacking the Fairtrade bandwagon? What does it stand for? [3], On 7 March 2007, the Utz Kapeh Foundation officially changed its name and logo to UTZ Certified[4] and, on 1 January 2016, shortened their name to UTZ.[5]. Utz Brands Inc - Ordinary Shares - Class A (UTZ) Payout Estimation Logic Estimates are provided for securities with at least 5 consecutive payouts, special dividends not included. Additional control points are added in the following years. [6] Transition rules will allow holders with certification under the 2015 UTZ Certification Program to progress to be certified under the new program.[7]. List of 4 UTZ definitions. The UTZ program comprises a reasonable handling of agricultural practices, social and living conditions, farm management, and the environment. Management is AWSOME and there is much opportunity for growth. At the end of the supply chain, the end product manufacturer uses the unique tracking number to know their product credibly links to a certified source. UTZ assigns a unique tracking number to this lot. Is it an abbreviation? [24], In October 2019, the Washington Post reported that UTZ certified cocoa farms were actually more likely to employ child labor than farms without the certification. The UTZ program enables farmers to learn better farming methods, improve working conditions and take better care of their children and the environment. [12] The program was originally piloted in Turkey, but since then it has gone global and expanded to Georgia, Azerbaijan, Italy, Spain, and other countries.[13]. By 2017, Utz was certifying "1.5 million tons of cocoa, or about two-thirds of the world's supply of certified cocoa. Get the top UTZ abbreviation related to Medical. Medical UTZ abbreviation meaning defined here. This is a set of chain-wide administrative, logistical and technical requirements for traceability. Meaning. What is UTZ? Currently grossing an estimated $431,702 per year in sales and nets an estimated $72,664! UTZ. UTZ stands for sustainable farming and better opportunities for farmers, their families and our planet. UTZ, formerly called UTZ Certified, is a program and a label for sustainable farming. Distributorship and “protected territory” are purchased through independent distributor and contracted through Utz. ", "Chocolate companies sell 'certified cocoa.' Utz Brands, Inc. manufacturers, markets, and distributes snacking products in the United States. Traceability services The Utz Group is a family-owned business with a level hierarchical structure. Internal Management System for groups, with responsibilities including: Recording of volumes in the UTZ traceability system, Diversification of production, to support ecological diversity and economic resilience, Responsible and appropriate choice and use of, Product handling during and after the harvest, Freedom of association and collective bargaining. The Solidaridad Network was another co-initiator of UTZ and assisted UTZ in becoming a global standard through financial support and field implementation. Nov 12, 2020. On October 10, 2007, the Cocoa Program was launched. This definition appears rarely and is found in the following Acronym Finder categories: Organizations, NGOs, schools, universities, etc. In 2012, 13% of the cocoa produced in the world was UTZ (535,000 T, out of global production of 2,889,000 T[9]). An UTZ-trained agronomist is a technical consultant specifically trained in assisting producers to comply with the UTZ Code of Conduct. From 2014, UTZ is the largest program for sustainable farming of coffee and cocoa in the world. 11/12/2020. UTZ Certified stands for sustainable farming and better opportunities for farmers, their families and our planet. : "the environmental standards of UTZ Certified are far weaker than those of either Fairtrade or Rainforest Alliance". It was founded by Nick Bocklandt, a Belgian-Guatemalan coffee grower, and Ward de Groote, a Dutch coffee roaster, with the goal of implementing sustainability on a large scale in the worldwide market. There is good news by the way: UTZ recently merged with the Rainforest Alliance, making the labeling landscape a little clearer. What is UTZ? But some of those farms use child labor, harm forests. When you buy UTZ Certified coffee, cocoa or tea you are helping build a better future. Safe and healthy working conditions, including: Protective clothing for work with chemicals, Safety training of workers in their own language, Access to decent housing, clean drinking water, and, Correct fermentation and handling of coffee after harvest, Harvest carried out at the appropriate time, Identification and protection of wild rooibos areas, This page was last edited on 31 January 2021, at 06:08. UTZ is defined as Urban Terrain Zone very rarely. Since 2018 UTZ merged with the Rainforest Alliance to create an International standard with greater reach which can impact and improve more conditions for sustainable farming. In June 2017, the Rainforest Alliance and UTZ announced the intention to merge, and in January 2018, the merger was legally closed and completed. When approved by UTZ Certified, these organizations conduct annual certification inspections of coffee, cocoa and tea producers to determine whether they comply with the UTZ Certified Code of Conduct[14] and Chain of Custody requirements.[18]. [citation needed] [19] This brought together 24 external studies and data collected by UTZ. To learn more, visit UTZ.org. UTZ certification, like the Rainforest Alliance coffee certification program, has been criticized because it offers producers no minimum or guaranteed price for their crop. [10], The UTZ program for tea and rooibos was launched in 2007. We thought we’d clear up the confusion for you and reveal the story behind the name. The UTZ certification program is based on the UTZ Code of Conduct:[14] a set of social and environmental criteria for responsible growing practices and efficient farm management. UTZ, formerly called UTZ Certified, is a program and a label for sustainable farming. As of 2014, UTZ became the largest sustainability program for cocoa in the world, and over 336,300 cocoa farmers from 16 countries were affiliated with UTZ. Cocoa that is UTZ certified comes from farmers who receive a better price for their cocoa. The UTZ label stands for better opportunities for farmers and their families. Utz Brands to Acquire ON THE BORDER® Tortilla Chips. The two organizations' certification programs run in parallel but from July 2021 a new certification program based on the 2020 Sustainable Agriculture Standard will be in place. Based in Hanover, Pennsylvania, the company produces a wide variety of potato chips, pretzels, and other snacks, with most distribution being limited to the eastern United States. 4 … Rainforest Alliance Transition Rules for current UTZ and Rainforest Alliance Certificate Holders wishing to be certified under the 2020 Rainforest Alliance Certification Program, "Chocolate companies sell 'certified cocoa'. Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. manufacturer of branded salty snacks, announced that its subsidiaries Utz Qualit Our program was born as “UTZ kapeh” (pronounced o͞otz kahpāy) meaning “good coffee” in the Guatemalan Mayan language of Quiché. ' in the world in becoming a global standard through financial support and field implementation and is! Administrative, logistical and technical requirements for traceability, 567,000 hectares of tea for the Roundtable on sustainable Palm.! 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