‘Industry Loses K88 Million Due to Drop in Production.'

By: PNG Business News August 02, 2021

Photo Credit: Mercanta 

According to the Coffee Industry Corporation Ltd, a decrease in coffee production of more than 200,000 bags yearly has resulted in a loss of K88 million to coffee growers (CICL).

Jerry Kapka, the board chairman, stated that the people were "losing out" and "not getting what is anticipated."

“I want to bring the industry to the management and work together to deliver to the industry stakeholders,” he said.

Many things, according to Kapka, need to be examined, reformed, and implemented in order to assist coffee producers.

“I think they want to see some changes,” he said. “The board cannot do it all alone. Let us connect the industry with our management team and move forward with better plans for the industry.”

He stated that raising the amount would not be an issue.

“But the company and board directors should review what they had been doing, why people were not responding and move forward from there,” he said.

On July 9, Kapka was elected chairman of the board of directors during a special general meeting.

On the board, he represents the exporters' council. Patrick Komba was replaced by him.

Kapka has more than 20 years of expertise in coffee growing, trade, and export, according to CICL acting chief executive officer Charles Dambui.

“CICL looks forward to working with the new board to deliver the National Coffee Road Map (2020-2030) and the CICL Business Strategic Plan (2020-2024),” he said.

 

Reference:

The National (28 July 2021). ‘Decline in production costs industry K88 million’


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