The New
Times Editorial via AllAfrica
Global Media
October
5, 2011
Once
established, the plant will add value to coffee before export, consequently
increasing farmers' earnings.
Although
the world coffee prices are expected to remain stable due to lower produce
among the major coffee producing countries, Rwanda loses out on the lucrative
industry because more than 98 per cent of her coffee exports are in the form of
green beans which attract lower prices compared to roasted coffee.
On the
international market, roasted coffee sells at US$20 per kg while the green
beans fetch US$6 per kilo, making the country to miss out on US$14 on in every
kilogramme exported.
The
country, this year, targets to bring in US$60m in foreign exchange earnings
from coffee exports. The goal is to raise US$100m (Rwf60b) in the subsequent
year.
To meet
or even exceed the targets, the country needs to embark on the exploitation of
roasted coffee, which is not only more profitable, but also less exposed to
price fluctuations on the international market.
Furthermore,
the envisaged roasting plant, which is in line with the national export
promotion strategy, will also have a positive impact on the communities engaged
in coffee growing.
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