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Coffee crisis: 'Stabilizing prices and raising reliance to climate change is vital,' says Olam chief

from Food Ingredients 1st

Olam Coffee CEO Vivek Verma is calling for a price stabilization fund to aid struggling farmers who continue to be seriously hit by a prolonged period of low coffee prices. If coffee were a product of the developed world there would have been a safety net mechanism put in place or, at the very least, there would have been subsidies at low prices, he notes. However, coffee is grown in mostly developing and underdeveloped countries, which do not have the means to support farmers inlow price periods. more


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