PNG COFFEE GROWERS GET SECOND REBATE

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PORT MORESBY, Papua New Guinea (PNG Post-Courier, Jan. 2) – The Papua New Guinea Coffee Growers Federation (PNGCGF) paid out rebates of PGK50,000 [US$17,800] to 116 of its 180 coffee grower co-operatives who had exported coffee through their own export licences held by the federation.

PNGCGF chairman Jon Yogiyo told the members that these were the second cheques for the same coffee they already had received payment for.

Mr Yogiyo told coffee growers that the third round of cheques would be made to each co-operative next year and that would be their dividend from the PNGCGF.

"This in itself is one of the biggest achievements by the small coffee growers, who for the first time were able to get rebates from the sale of their coffee. For the small coffee growers, rebates was unheard of, and they were grateful that at least they can get a second payment for their coffee," Mr Yogiyo said.

Chairman of Stakks Coffee Growers Co-operative in Obura- Wonenara district in Eastern Highlands Province, Mine Kipefa said this was the first time for the ordinary small coffee growers to get three forms of return from the same coffee bean.

"I congratulate Mr Yogiyo and his committed and volunteer staff, who have sacrificed for the ordinary coffee growers of PNG. With no funding from national or provincial government nor other stakeholder in the coffee industry, we the ordinary small coffee growers have done what many people in PNG had promised to do for us but never achieved. We own the land and the coffee, we will strive to improve our lives with coffee."

At the close of day trading on the Sydney Futures Exchange, the March share price index contract was down eight points

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