Print

Tuesday, 17 November 2009

Uganda: coffee traders trained

Many times coffee producers and traders are caught unaware by the volatility in international prices which leads them into making losses and being less competitive. This can be avoided, if the traders were equipped with knowledge and techniques in price risk management efficiency in times of crisis. Being a vital cash commodity to East Africa, where in Uganda alone over a million households rely on coffee, the World Bank through its Agriculture and Rural Development, has introduced a Commodity Risk Management course to equip and train coffee traders and producers on how to handle the situation in times of volatile prices. To benefit from this course facility, are the Eastern African Fine Coffee Association, eleven member countries. Funding has been secured from the European Union's Africa Caribbean Pacific Agricultural Commodities Programme and the United States Agency for International Development (USAID).

Source: AllAfrica