Costa Rica: Reforms for Coffee Industry
New legislation proposed by the Coffee Institute intends to stimulate quality coffee production.
Monday, August 24, 2009
Coffee mills currently pay all growers equally, but with the new law, there would be a table valuing each grain and paying in accordance to quality.
A quintal of fine Costa Rican coffee is sold with an average premium of $25 over the reference price on the New York Stock Exchange.
The Commission for the Promotion of Competition has recommended that permission to show the origin of coffee on labels should be company specific, not per brand.
The Japanese business Tashiro Coffee paid $1.545 per quintal for coffee from the Bella Vista farm in the virtual auction that was conducted yesterday.
The company is receiving coffee samples from plantations certified with sustainability standards.
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