6 Jul 2010

Coffee buying prices in PNG increase

10:30 am on 6 July 2010

Coffee buying prices in Papua New Guinea increased by 20% in June compared to the same period last year.

The Papua New Guineas newspaper, the National, reports Coffee Industry Corporation chief executive, Navi Anis, as saying the price increase was due to low coffee production owing to adverse weather conditions in other coffee-producing countries.

In June, coffee processing plants around PNG purchased green bean arabica coffee at an average price of 3 US dollars and 30 cents for "A" grade.

In the same month last year, buyers paid an average price per kilo of 2 dollars 85.

Mr Anis says there is an increasing demand alongside shifting coffee buyer's focus on PNG and other Asia Pacific countries.