Coffee-growing nations risk killing a nascent price recovery should they boost production to take advantage of a fall in Brazilian output, a top industry executive has warned.
Brazil expects production to fall by eight to 10 million bags from last year’s 41.5 million bags – at least 20 percent – when it harvests the next crop in April-May, said Nestor Osorio, executive director of the International Coffee Organisation.
“The market is going to be short of coffee because stocks are already at the lowest point in history,” Osorio told AFP in Bangalore, where he attended the three-day Indian Coffee Festival ending Sunday.
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Rwanda, along with many other African nations, has a long way to go for its coffee exports to catch up to nations like Brazil. This is because the majority of Rwandan farmers is still farming on a subsistence level and producing low-grade coffee. However, the future for one community of Rwandan coffee growers looks bright thanks to the involvement of the Norman E. Borlaug Institute for International Agriculture at Texas A&M University and USAID. They’re sponsoring an effort that’s helping to educate local farmers in the Rwandan province of Kibungo.
The project is called SPREAD, or Sustaining Partnerships to enhance Rural Enterprise and Agribusiness Development. Linda Cleboski, the program development coordinator for the Norman E. Borlaug Institute, said that the five-year plan focuses on improving the coffee yields for local farmers. It will later expand to other crops like chili peppers, cassava flowers, spices and tea crops.
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Café Coffee Day, India’s largest retail coffee shop chain, plans to open 19 more outlets across Pakistan in the next 12 months after the success of its first venture in Karachi, a top company official said here Sunday.
“We are opening the second retail outlet in Karachi next week in the posh Clifton area where we are already operating the first outlet since November 2006. We plan to open 18 more such outlets in the four provinces of Pakistan, covering Islamabad, Lahore, Peshawar and other cities later this year,” Café Coffee Day director Naresh Malhotra told IANS here.
Unlike in Vienna where the company already operates two retail outlets on its own, it has opted for a franchise route in Pakistan to comply with the regulatory framework there and protect its investments. The company is also in talks with two more low-cost air carriers to extend its reach beyond Air Deccan and GoAir in airline catering.
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The Coffee Board (India) has submitted the SBI Caps final report on the rejuvenation of 80,000 hectares of coffee plantations to the Union minister of state for commerce Jairam Ramesh.
Addressing the inaugural ceremony of the Second India International Coffee Festival (IICF) 2007, Mr Ramesh hoped that the implementation would commence in a few months with a special purpose vehicle (SPV) being created for implementation. SBI Caps had also prepared the report on rejuvenating 200,000 hectares of tea plantations and the Special Tea Purpose Fund implementation was scheduled to be inaugurated in Guwahati in June.
Coffee Board chairman G V Krishna Rau noted that the growers had not yet fully recovered from the five-year slump in world prices from 1999 and the more recent infestation of the Arabica crop by the white stem-borer. He hoped policies to deal with the fallout from these crises would be holistic and not piecemeal.
Read More: The Economic Times
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Uganda has embarked on a vigorous coffee replanting programme to cash in on rising world prices.
“Coffee prices on the world market recently hit an eight-year high at $1.65 per kilogramme; this movement is expected to be sustained,” Fred Luzinda Mukasa, acting managing director of the state-run Uganda Coffee Development Authority (UCDA), told The EastAfrican.
“UCDA in conjunction with the Ministry of Agriculture, Animal Industry and Fisheries has drawn up an eight-year coffee production plan (2007-2015) designed to increase production from the current four million to five million bags of 60 kilogrammes each,” the official said.
Mr Mukasa, who is also the UCDA Board Secretary, said the new coffee replanting programme will cost about Ush2 billion ($1.2 million) per year. “We have committed about Ush1 billion ($541,000) to this programme and we are lobbying the government to provide the remaining money,” he said.
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