Coffee review

Boutique Coffee Burundi Coffee Flavor Taste Manor Production Features Flavor Introduction Burundi Coffee Origin

Published: 2024-11-03 Author: World Gafei
Last Updated: 2024/11/03, The New York Stock Exchange, in conjunction with the Government of Burundi and coffee producers, operators and exporters, agreed on 17 February 2005 to reduce the price index for coffee listed by Burundi on the exchange by 200 points, or 2 cents per pound (equivalent to an increase of 50 Burundi francs per kilogram). The Chairman of the New York Stock Exchange subsequently communicated this decision to the Burundi Ministry of Agriculture, Finance, Industry and Commerce and the Ministry of Finance.

The New York Stock Exchange, in conjunction with the Government of Burundi and coffee producers, operators and exporters, agreed on 17 February 2005 to reduce the price index for coffee listed by Burundi on the exchange by 200 points, or 2 cents per pound (equivalent to an increase of 50 Burundi francs per kilogram). Subsequently, the Chairman of the New York Stock Exchange informed Burundi's Ministry of Agriculture, Ministry of Finance, Ministry of Industry and Commerce and Burundi Coffee Company of this decision and invited Pierre Ndikumagange, Minister of Agriculture and Livestock of Burundi, to attend the opening ceremony of the New York Stock Exchange on 14 April in order to raise the visibility of Burundi coffee on the international coffee market.

Following the increase in the price of coffee in Burundi Arabia, the purchase price of fresh coffee in Burundi was raised from 120 Burundi francs/kg to 200 Burundi francs/kg, which is excellent news for a country where coffee exports account for more than 80 per cent of its total foreign export earnings. Burundi officials expect to produce 36,000 tons of coffee beans in 2004 - 05, a six-fold increase from last year's 5600 tons, thanks to a rainy growing season and better field management. Starbucks, the world's largest coffee retailer, said it would increase its purchases from Burundi. Industry insiders say Starbucks 'move is conducive to boosting Burundi's economic development.

Starbucks has funded officials of the Burundi Coffee Management Committee to study overseas in order to help Burundi integrate into the world coffee market as soon as possible, and Starbucks executives will visit Burundi this month to discuss cooperation with relevant parties, the East African newspaper reported Thursday.

Coffee is Burundi's main export earner, and Starbucks 'launch of Burundi coffee in its chain stores will increase the global visibility of Burundi coffee. It is estimated that 80 per cent of Burundi's 500,000 coffee growers will see a significant increase in their incomes in the coming years.

Starbucks has increased its focus on African coffee in recent years, partnering with coffee growers in Tanzania, Ethiopia, Rwanda and Kenya.

0