The Fiji Times

Value chain risks

- By NAVNESH REDDY

MARKET SNAPSHOT

STRI as at Nov 16, 2022 = 7936.79 LOCAL SHARE PRICES

Atlantic and Pac. Pack. Telecom Holdings Fiji Ltd Bird Institute Ltd Insurance Ltd Foods Ltd Television Ltd Finance Ltd Kinetic Growth Fund Ltd Global Ltd Denarau Marina Ltd Green Ind. Fiji Ltd Patel Group Fiji Ltd Comp. of Fiji Ltd Tsusho Sth Sea Holdings Investment­s Ltd Holdings Ltd Convertibl­e Notes

Amal.

Communicat­ions

Free

FijiCare

FMF

Fiji

Kontiki 29,471 Pleass

Port

Pac.

RB

Rice

Toyota

VB

Vision

Fijian 818 -

THE major risks and challenges in the coffee value chain in Fiji are transporta­tion, natural disasters and buyer impersonat­ions.

This was shared by Bula Coffee owner Luke Fryett during the European Union funded and Pacific Community (SPC) organised Regional Workshop on Disaster Risk Reduction for Sustainabl­e Export Value Chains held in Nadi last week.

Mr Fryett who describes himself as the “man on the ground” said the sheer isolation from where they are procuring the coffee from — the interior highlands made transporta­tion of coffee beans a massive challenge for them.

“The other major issue that we are facing right now is that a lot of other buyers are coming into the market.

“These buyers take advantage of the farmers by not paying what they had promised them initially.

“Some of the buyers after buying coffee beans from farmers would later tell them that the beans were not of good quality and we would only pay half of what we promised,” he said.

Mr Fryett said some of the buyers are trying to impersonat­e as workers of his company to get the leverage with villagers.

“We have worked very hard to build our relationsh­ip with these farmers, however, there are people impersonat­ing us, trying to get cheap deals and not really focusing on the wellbeing of the farmers.”

He said the farmers were now becoming more aware that they had their best interest at heart and that we would continue to buy from them.

“During the pandemic, we were dealing with over 5000 farmers, however, we have steady base of farmers in between 2500 to 3000.

“We are now working on a project where we are helping women who have been harvesting wild coffee and now have setup coffee farms commercial­ly for themselves.”

He said natural disasters in general especially cyclones had been a major hurdle for his coffee business.

“The hardest thing is that when we are halfway through a harvest and a cyclone hits us. “We are buying coffee beans from more than just one place, from all around the island, thus if the cyclone wipes out one or two farms — we would have a steady supply.

“We are also growing seedlings which would be given out to farmers to recover quickly post cyclones,” said Mr Fryett.

ANZ

BoB

BSP

Bred

BSP Finance

Corp

HFC

Kontiki Finance

Merchant Finance

WBC

FDB

ANZ

BoB

BSP

Bred

HFC - SDHL

WBC

0.30%

0.60%

0.30%

1.25%

2.50%

1.50%

1.00%

1.75%

1.50%

0.25%

1.50%

6.49%

4.99%

6.50%

6.25%

6.35%

6.49%

0.30%

0.60%

0.30%

1.75%

Credit

2.50%

1.00%

2.25%

2.50%

0.40%

2.10%

4.15%

3.75%

4.95%

4.00%

3.99%

4.75%

0.30%

0.60%

0.30%

1.75%

Credit

2.50%

1.00%

2.65%

2.70%

0.50%

2.20%

4.95%

3.95%

5.45%

5.45%

4.50%

5.45%

 ?? Picture: SUPPLIED ?? Bula Coffee is working on a project where they are helping women who have been harvesting wild
coffee and now have set-up coffee farms commercial­ly for themselves.
Picture: SUPPLIED Bula Coffee is working on a project where they are helping women who have been harvesting wild coffee and now have set-up coffee farms commercial­ly for themselves.
 ?? ??
 ?? Picture: FT FILE ?? Luke Fryett.
Picture: FT FILE Luke Fryett.

Newspapers in English

Newspapers from Fiji