Marape: Commodity Cost Support Programme Will Support Coffee Market Costs

by PNG Business News - February 10, 2021

In a recent visit to Jiwaka, Prime Minister James Marape said that the commodity cost support programme will support the current coffee market costs.

Following the initial K50mil allocated last November, Marape said that the programme will receive K200 million each year. Through the Coffee Industry Corporation (CIC), the government has already allotted K10 million.

Marape said, “This funding will support the current market price to be fixed at K6 per kg for Arabica coffee, K5.50 for Robusta coffee and K2 for Cherry coffee.

Meanwhile, Agriculture and Livestock Minister John Simon said the CIC is going to work with five registered coffee dealers in Jiwaka who pay the price of cherry at K2 per kg and coffee at K6 per kg.

CIC acting chief executive officer Charles Dambui expressed his gratitude to the Government for the price support. “In the past, price support was executed at the free onboard price (green bean price) where only exporters benefitted,” he said. “We are now changing the approach.”

He added that the implementation phase was very important in the success of the programme and in looking after its sustainability.



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