The growing domestic coffee market-Yunnan Lincang will build a coffee base of one million mu.

"according to the agreement, the provincial state-owned company will become the controlling shareholder of the company. after the capital problem is resolved, the company will invest in the construction of a 1 million mu coffee base in Lincang within five years, and strive to expand the field of coffee processing." In the view of Yang Zhiqi, chairman of Lincang Lingfeng Industry (Group) Co., Ltd., the growing domestic market is a strong backing for the continuous expansion of Yunnan coffee planting scale. In this context, 1 million mu is not a huge number.

However, he also pointed out that although "Yunnan coffee is not enough for domestic market consumption", the overall quality of Yunnan coffee needs to be improved. "Yunnan coffee is a good coffee on the tree, but due to the lack of strict standards in planting, picking and processing, the overall image is damaged, and there is also a lack of competitiveness and voice in the international and domestic markets." Yang Zhiqi said that after the cooperation between the two sides, while developing and strengthening the coffee base, we will pay more attention to fine field management, standardization of processing and production and the construction of product quality traceability system, so as to reshape the overall image of Yunnan coffee.

The reporter learned from Lincang Lingfeng Industry (Group) Co., Ltd. that the company has reached an equity acquisition intention with Yunnan Shengyi Investment Co., Ltd. (renamed "Yunnan State-owned Capital Operation Co., Ltd." in August 2016, hereinafter referred to as "Provincial State-owned Company"). In the future, the provincial state-owned company will become the controlling shareholder of the company, and the two sides will jointly fund the construction of a million mu coffee base in Lincang.

Lincang Lingfeng Industry (Group) Co., Ltd. is a provincial leading enterprise of agricultural industrialization in Lincang City, which integrates agricultural materials, improved varieties of crops, sugarcane, rubber, coffee cultivation, processing and sales, import and export trade. Up to now, the company has built its own coffee base of 235000 mu, interplanting macadamia nuts of 200000 mu, radiating 48 townships (towns) in 7 counties (districts), more than 46000 farmers and more than 200,000 farmers, but the financial problem has always been a bottleneck perplexing the development of enterprises.