By Emmanuel Tumanjong
Gabon's state-managed Caisses de Stabilisation et de Perequation has committed to supporting the price of coffee beans this season as the industry faces the impact of the coronavirus pandemic, it said Friday.
"The coronavirus pandemic is affecting robusta coffee, just like it is doing on the oil and gas industry. We've our eyes on the market prices, because Caistab has as mission to protect the Gabonese cocoa farmers," Caistab managing director Thierry Prosper Mboutsou said. "We'll offer minimum price that will keep coffee farmers satisfied this season, regardless of the fluctuations of prices at the world markets," he added.
Mr. Mboutsou said the industry is facing problems and farmers had started leaving coffee farming.
Most of Gabon's coffee is processed locally before being marketed at home, while part of it is exported to Europe and some African countries.
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