Coffee Current Affairs - 2019
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The Ministry of Commerce and Industries has launched blockchain-based e-marketplace for coffee.
Blockchain Based e-marketplace
- The e-marketplace helps farmers integrate directly with markets in a transparent manner, allowing them to realize fair prices for their produce.
- The blockchain technology will help in reducing the number of intermediaries between coffee growers and buyers and help farmers double their income.
- The blockchain-based marketplace app for trading coffee brings transparency and maintains the traceability of Indian coffee from bean to cup.
- The blockchain-based marketplace app by facilitating direct access to buyers, it will reduce growers’ dependency on intermediaries and help them get a fair price for their produce.
- The coffee board has collaborated with Eka Plus for the development of the app.
India produces one of the best coffees in the world and a considerable portion of it comes from small coffee growers and tribal farmers. Although Indian coffee is highly valued in the world market, the share of farmers in the final returns from coffee is very low. The Blockchain Based e-marketplace app is expected to help farmers in gaining higher returns.
Tags: Blockchain • Coffee • e-Marketplace • Eka Plus • Ministry of Commerce and Industries
The International Coffee Day is observed every year on October 1 to promote and celebrate coffee as beverage. Observance of this day marks global celebration of coffee’s journey from farm to your local shop and opportunity to honour men and women who grow and harvest coffee.
This year International Coffee Organization had chosen special theme: ‘Women in Coffee’. It was aimed at highlighting important role played by women in whole coffee chain as men, from planting seeds to processing to trading to brewing and drinking it. It also highlights need for equity and equality in coffee sector from bean to cup and that can only be achieved by empowering women to benefit of whole coffee sector.
The exact origin of International Coffee Day is unknown. An event was first promoted in Japan in 1983 by The All Japan Coffee Association. The official date was agreed by International Coffee Organization and was launched in Milan, Italy in 2015 to promote fair trade coffee and to raise awareness for the plight of the coffee growers.
Coffee production in India
India is 6th largest coffee producer in the world with 4% share after Brazil, Vietnam, Colombia, Indonesia and Ethiopia. In India, coffee is cultivated in India in about 4.54 lakh hectares by 3.66 lakh coffee farmers and 98% of them are small farmers. Karnataka (54%), Kerala (19%) and Tamil Nadu (8%) are largest coffee producing states. India accounts for only 4-5% of world’s coffee output, but exports 70-80% of its produce. Italy, Russia and Germany are the top three buyers of Indian coffee. In India, two coffee varieties robusta (or Coffea canephora) and Coffea arabica are grown on large scale.