Coffee Industry to Generate More Income if Government Subsidises Cost
The PNG Coffee Industry Cooperation believes the coffee industry is able to generate more than K600 million into the PNG economy if the government can subsidise some of the costs involved for coffee farmers.
Coffee is an exportable commodity. Last year, the industry was able to bring in almost K506 million into PNG economy through foreign reserves.
CEO, Charles Dambui, says this only includes coffee bags that make it to the coffee trading depot.
However, more can be generated as more coffee are still sitting in the rural areas.
This is due to two factors; high freight cost and no storage facilities.
Most of the coffee bags in the rural interior can only be sent by air freight into the trading depot, due to available infrastructure and the transportation costs.