The Cabinet Committee on Economic Affairs, in its next meeting, would consider approving a weather-linked insurance scheme for coffee growers, minister of state for commerce Jairam Ramesh told reporters here on Tuesday. After the CCEA gives its nod for the scheme, the Coffee Board would implement it at an annual expenditure of Rs 23 crore. The growers and the government would share the premium on 50:50 basis. Read the rest of the story at The Financial Press.
Sources at Yemen’s ministry of agriculture said there are three areas for investment opportunities for the private sector in production of coffee products. They are mainly in building factories for peeling coffee, marketing the surplus to foreign markets and in building agricultural nurseries for its seeds. Read the full details at Yemen Times.
Cuppy’s Coffee is moving quickly across the country opening and average of seven to ten new coffee shops each month. With more than 150 stores projected to be operating by the end of 2007, Cuppy’s Coffee & More continues to be one of the fastest growing coffee franchises in the United States. Read the press release for more information.
The Multi Commodity Exchange (MCX) has commenced futures trading in Robusta coffee on Monday. Although coffee accounts for only 3.1% of total agricultural exports, it is one of the most important agricultural exports of the country. Read the story at The Economic Times.
Posted by beanybabe at 3:19 PM PST
