Within the framework of the Ecological Coffee Production and Natural Forest Improvement Project in Huong Hoa District, Quang Tri Province (PFFP), today, October 15, in Huong Phung Commune, Huong Hoa District, Slow Vietnam Company Limited (Slow Vietnam Company) and representatives of coffee farmer groups and coffee processing units signed a contract to purchase fresh coffee berries for the 2024 crop.
According to the signed contract, in the 2024 crop year, Slow Vietnam Company will cooperate with about 400 - 500 farmers, and cooperate with local processing units to purchase about 2,500 tons of fresh fruit (expected to be processed into 500 tons of parchment coffee).
Signing of a contract to purchase fresh coffee berries for the 2024 crop between Slow Vietnam Co., Ltd. and representatives of coffee farming groups - Photo: LA
For the purchase price of fresh coffee beans from farmer groups, the company applies a floor price mechanism (the minimum price for a coffee-producing household in Huong Hoa district to ensure a basic standard of living), and then compares it with the market price to come up with a suitable, stable, long-term and mutually beneficial purchase price.
Specifically, when the market price is lower than the floor price (VND 10,500/kg), the company commits to purchasing at VND 12,500/kg throughout the crop year; when the market price is higher than the floor price (VND 10,500/kg), the company purchases at the market price plus VND 2,000/kg. The daily market price is the price converted based on the average price of green coffee beans in the Central Highlands provinces, published on the website of the Industry and Trade Newspaper.
In Quang Tri, Slow Vietnam Company is a commercial partner participating in the implementation of the PFFP project funded by the Danish government , including supporting farmers to convert their farming methods from monoculture to agroforestry and achieve organic certification according to European standards; building a sustainable supply chain with farmers and cooperatives/processing units in Huong Hoa district, Quang Tri province.
Within the framework of the project, Slow Vietnam Company commits and strives to implement the action plan to achieve the following common goals: producing, processing and exporting 1,000 tons of Arabica coffee beans; developing a chain linking 2,000 farmers; converting 2,500 hectares of coffee from monoculture to agroforestry; increasing household income by 40%.
In order to achieve the above goal, the company is implementing procedures to build a factory to process rice coffee into green coffee in Nam Dong Ha Industrial Park to promptly fulfill its commitment to cooperate with cooperatives and coffee farmers in Huong Hoa district, ensuring storage conditions, improving coffee quality, traceability...
It is expected that in 2025, the company will build a fresh coffee processing factory in Huong Hoa district to proactively source raw materials and develop a sustainable supply chain.
Le An
Source: https://baoquangtri.vn/cong-ty-nbsp-slow-viet-nam-ky-nbsp-ket-hop-dong-thu-mua-2-500-tan-ca-phe-qua-tuoi-189021.htm
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