Will Arabica production in Peru grow rapidly after an investment fund of 8.1 million USD?
Recently, a project with an investment of up to 8.1 million USD was poured into the South American coffee industry with the goal of developing arabica production in Peru. With huge investment sources, what outstanding progress will Peru make? Let’s explore with XLIII Coffee!
8.1 million USD fund to develop Arabica production in Peru
The United States Agency for International Development (USAID) and the global food ingredient company Ofi have developed an investment project to develop Peruvian coffee production. With a budget of up to $8.1 million, the Fund will focus on supporting small-scale coffee farmers in the Junín coffee growing region in central Peru over the course of a five-year program. In particular, the project promotes activities related to agricultural extension services, improving infrastructure, supporting farmers to obtain coffee certifications, increasing production, improving quality and accessing the coffee market. international specialty coffee.
Arabica production in Peru is expected to rise to the top 5 in the world
USAID's Jene Thomas shared that the project focuses on quality improvement and sustainable certification. From there, small-scale farmers can increase their competitiveness, expand their markets, ensure long-term stable income and motivate them to pursue production methods that minimize environmental impacts.
In addition, part of the fund will be used for equipment, training in management and farming methods to help farmers increase productivity. According to USDA's Global Agricultural Information Network, Peru is expected to produce the equivalent of about 4.2 million 60kg bags of Arabica coffee in 2022/23, making the country a major Arabica coffee producer. fifth in the world after Brazil, Colombia, Ethiopia and Honduras.
Additionally, this USAID and Ofi partnership is part of USAID's broader Alternative Development Program with a focus on Peru. The project, scheduled for implementation in 2026, is driven by Central Café & Cacao del Perú, which supports a network of farmer cooperative organizations in three key Peruvian coffee regions such as Cusco, Junin, and Cusco. and Puno. USAID estimates that the project could ultimately impact about 3,200 coffee-growing families, tripling annual farm income from about $4,800 to about $15,000, while increasing exports by more than 125%.
This is clearly a remarkable step forward, turning this country into a highlight of the entire industry. Arabica farmers in Peru can promote their coffee worldwide, both increasing their income and affirming the position of their country's specialty coffee beauty in the international market. If you want to experience the taste of Peruvian Arabica, visit XLIII Coffee. Layers of sweet, gentle scents like purple plum, blackcurrant, hibiscus flower of Finca El Lechero #130 or rich, smooth notes like milk chocolate, marshmallows, and purple flowers of Finca Rosenheim H200 will not disappoint you. hope.
Source: dailycoffeenews
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