Bugisu Cooperative Union Breaks Records with Premium Arabica Coffee Prices
The decision to establish a price of 9000 Ugandan shillings per kilogram reflects a dedication to recognizing and rewarding the efforts of local farmers. The Chairperson emphasized the critical role of quality standards in determining coffee prices on the global market.
UGANDA - In a ground-breaking move aimed at bolstering local farmers, Nathan Nandala Mafabi, Chairperson of Bugisu Cooperative Union, has announced a record-setting price of 9000 Ugandan shillings per kilogram for parchment coffee. This significant increase underscores the union's commitment to supporting its members and maintaining high-quality standards throughout the coffee production process. Nandala Mafabi's announcement marks a pivotal moment for the Bugisu Cooperative Union as it sets a new standard in the pricing of Arabica coffee.
The decision to establish a price of 9000 Ugandan shillings per kilogram reflects a dedication to recognizing and rewarding the efforts of local farmers. The Chairperson emphasized the critical role of quality standards in determining coffee prices on the global market. From the cultivation stage in the garden to the processing phase within the union, maintaining high-quality practices is crucial. Nandala Mafabi's message resonates with a commitment to not only meet but exceed international quality expectations, ensuring Bugisu coffee stands out in the competitive global marketplace. The core objective behind this record-setting price is to provide substantial support to local farmers associated with the Bugisu Cooperative Union. By offering a premium for their produce, the union aims to empower farmers economically, recognizing their pivotal role in the coffee supply chain. Nandala Mafabi's assurance that previously stored coffee remains intact underscores the union's commitment to its members' well-being. Addressing Outstanding Balances:
Nandala Mafabi acknowledges the financial challenges faced by some farmers and has committed to securing funds to settle outstanding balances promptly. This proactive approach demonstrates the union's responsibility and dedication to fair and timely compensation for its members.
Global Market Challenges:
The announcement comes at a time when multinational companies are acquiring coffee at lower prices, ranging between 6000 to 7000 Ugandan shillings. Bugisu Cooperative Union's decision to set a significantly higher price is a bold move to challenge the prevailing market trends and ensure that local farmers receive fair compensation for their high-quality produce.
The unprecedented move by Bugisu Cooperative Union is poised to have a lasting impact on the region's coffee industry. By setting a record price, the union is not only elevating the economic status of its farmers but also inspiring a paradigm shift in the approach to valuing and compensating agricultural labour.