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

    Pedestrians along the Estrella-Pantaleon Bridge are dwarfed by the towering buildings in Makati City, Dec. 5, 2022. — PHILIPPINE STAR/MIGUEL DE GUZMAN THE Department...

    Finance

    Ryanair has been accused of turning its back on elderly travellers after confirming plans to scrap paper boarding passes in favour of a digital-only...

    Finance

    Rachel Reeves is under pressure to overhaul the UK’s tax system after the Resolution Foundation urged her to cut employee national insurance contributions by...

    Finance

    Small businesses are bracing for a major shake-up after it emerged the Treasury is considering slashing the VAT registration threshold from £90,000 to just...

    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.