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Coffee giants tapped for industry roadmap - China PCB Depaneling - China PCB Cutting Machine by airbru airbru
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Coffee giants tapped for industry roadmap - China PCB Depaneling - China PCB Cutting Machine by AIRBRU AIRBRU
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| Article Posted: 03/26/2013 |
| Article Views: 69 |
| Articles Written: 1137 - MORE ARTICLES FROM THIS AUTHOR |
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Coffee giants tapped for industry roadmap - China PCB Depaneling - China PCB Cutting Machine |
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Business,Business News,Business Opportunities
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Major coffee industry players are joining a public-private effortled by the Philippine Coffee Board (PCB) to complete a roadmap thatwill reduce the Philippines P9.5-billion annual import bill forcoffee. This, as farmers face an influx of cheap imports amidAsean s progression as an open market. Aside from major industry players such as Nestl , Universal Robinaand Commonwealth Foods, PCB is also in talks with coffee shopchains such as Bo s Coffee, roast coffee producers such asGourmet s Coffee, and even small-sized farm operators to get freshinputs across the supply chain, PCB co-chairperson Pacita Juan toldreporters at the opening of the 5th National Coffee Summit at AIMConference Center in Makati City. PCB chairperson Nicolas Matti said one challenge farmers face ishow to compete against cheap imports.
While some countries likeThailand still enjoy high import tariffs for coffee (presently at90 percent) until 2018, those for the Philippines have already gonedown. Right now our farmers have to operate in a free market set-up.That is the reality of trade agreements for us. In a separate interview, NCC private sector co-chairperon GuillermoLuz said on the sidelines of the NCC Dialogues series that, sincedemand for coffee is coming from the private sector, it is onlyfitting that industry leads the crafting of the roadmap. Increasing consumption alongside economic expansion, which thegovernment hopes will average at 7 to 8 percent annually over themedium term, is driving demand for various commodities includingcoffee. We need to come up with a plan to wipe out the deficit in coffeesupply and nurture specialty coffee exports, Luz said.
According to PCB, Philippine coffee consumers require up to 120,000tons annually, but production has stagnated at 25,000 tons a yearover the past 10 years. That leaves the Philippines with a supplygap of up to 95,000 tons a year. Follow Us.
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