Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Stock Markets

Coffee industry seen requiring import curbs to support domestic growers

Coffee industry seen requiring import curbs to support domestic growers – BusinessWorld Online


      
      
      
      
      








STARBUCKS

COFFEE entrepreneur Stella Longa Sutton called for curbs on coffee imports to allow coffee farmers to grow their foothold in the market.

Ms. Longa Sutton, co-founder of the Apo ni Bayosa coffee brand, told BusinessWorld in an interview that coffee is just one of the farm commodities currently beset by foreign competition, hindering the development of domestic industries.

“A lot want to go to a Starbucks, to be seen with a Starbucks mug,” she said, calling for such multinational chains to sell a certain percentage of local coffee.

She said she supports import curbs, including tariffs on foreign coffee, to push roasters to make domestically grown beans their priority.

She dismissed the current approaches to developing coffee, which is to provide seedlings to farmers, adding that coffee develops individualized unique characteristics based on altitude and soil health. — Andre Christopher H. Alampay

CEDTyClea





    You May Also Like

    Stock Markets

    United States dollar banknotes and an American flag displayed on a laptop screen are seen in this illustration photo taken in Poland on Dec....

    Stock Markets

    A sample of rice is seen in this file photo. — REUTERS By Adrian H. Halili, Reporter THE Department of Agriculture (DA) is considering...

    Stock Markets

    PRESIDENT FERDINAND R. MARCOS, JR. FACEBOOK PAGE PHILIPPINE PRESIDENT Ferdinand R. Marcos, Jr. said corruption cases tied to infrastructure spending must be backed by...

    Finance

    Harrods has confirmed that hackers have stolen personal data from its online customers in a fresh IT security breach. The luxury department store said...

    Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.