First World Coffee Producers Forum plots roadmap to deal with common challenges
(Thomson Reuters ONE) -
An Action Plan to be developed with specific goals, the conduction of an
independent study, and the formation of a Committee with wide representation of
different links of the global coffee chain stand out among the final resolutions
adopted by the Forum, which ended Wednesday
MEDELLIN, Colombia, July 13, 2017 (GLOBE NEWSWIRE) -- The first World Coffee
Producers Forum, which brought together representatives of the whole coffee
value chain, concluded this Wednesday with a Final Declaration that includes an
Action Plan to face common challenges, among other specific measures.
The Action Plan, to be developed co-responsibly by stakeholders of the global
value chain and with the support of the International Coffee Organization (ICO),
must set concrete goals, the time period to meet them, and the required funding.
This Action Plan must be based on the problems faced by the coffee sectors of
different regions in the world, namely: low prices and excessive volatility for
producers (with larger profits remaining in the other links of the chain),
adaptation to climate change, scarce workforce, reduced generational change and
producers' precarious social conditions.
Taking into account the recommendations made in the Forum, the Action Plan will
also be based on a study to be conducted by an independent body to analyze the
behavior of coffee prices in the last 40 years, production costs in this same
period, and their correlation.
The study will analyze if international coffee prices, both at the New York and
London stock exchanges, reflect the reality of the physical market, and will
present alternative solutions to the problems discussed in the Forum.
The Final Declaration resolved that a co-responsible commitment to implementing
the Action Plan and funding it must be achieved at the highest level with
representatives of the industry, donors, international cooperation, multilateral
organizations, and national and local governments.
For the actions to be developed, a Committee will be formed, made up of two
representatives of producer associations from African countries; two from
Mexico, Central American and Caribbean countries; two from South American
countries and two from Asian ones, and at least one representative of the
industry in each of the following regions: North America, Europe and Asia.
The Committee shall submit a progress report in the next meeting of the ICO's
International Coffee Council, to be held in March 2018.
The next World Coffee Producers Forum will take place in 2019, and the Committee
will coordinate its venue; aside from the resolutions, Brazil offered its
territory to host the next Forum.
"We have just started a new process in the world coffee sector," said Roberto
Velez, CEO of the Colombian Coffee Growers Federation (FNC, the host
organization). "Today we finished a reflection, assembling ideas, a process of
listening each other, but it is only the beginning of what we hope is a new
stage."
Velez even raised the possibility that this new way of understanding,
collaboration and co-responsibility between producers and consumers, this new
North-South relationship between developed and developing countries, may set the
course towards a new global economic history.
Among the assumptions that gave rise to these resolutions are critical
profitability and even losses for coffee farmers due to low international
prices, low productivity, higher production costs related to climate change and
variability, and rising labor costs, including harvesting ones.
This lower profitability has resulted in a significant percentage of coffee
producers living in poverty or at least with lower quality of life (housing,
utilities, education, health, etc.), and lower capacity to reinvest in their
farms.
Without corrective actions to address these problems in a coordinated way and
their financing, the world may face a structural reduced coffee supply, unable
to meet the demand, which in turn will create undesirable imbalances in the
coffee market that may put at risk sustainability of the global chain.
The spirit of the Final Declaration took into account the main conclusions and
recommendations of the Forum, perfected with an active participation of
delegates in thematic groups organized for their analysis and discussion.
The Forum was addressed by figures of international stature such as former US
president Bill Clinton, University Professor Jeffrey D. Sachs, the ICO Executive
Director, José Sette; the presidents of Colombia, Costa Rica and Honduras,
agricultural ministers, and representatives of the whole coffee value chain,
including producers.
Contact Information:
Colombian Coffee Growers Federation
Martha Sánchez
Corporate Communications Director
Prensa.FNC(at)cafedecolombia.com
(57+1) 3136600 Ext. 1790
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Federacion Nacional de Cafeteros de Colombia-Fondo Nacional del Café via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 13.07.2017 - 20:30 Uhr
Sprache: Deutsch
News-ID 552391
Anzahl Zeichen: 5811
contact information:
Town:
Bogota
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 193 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"First World Coffee Producers Forum plots roadmap to deal with common challenges"
steht unter der journalistisch-redaktionellen Verantwortung von
Federacion Nacional de Cafeteros de Colombia-Fondo Nacional del Café (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
