{"id":7257,"date":"2013-03-28T14:27:31","date_gmt":"2013-03-28T19:27:31","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=7257"},"modified":"2013-03-28T14:27:31","modified_gmt":"2013-03-28T19:27:31","slug":"innovation-in-coffee-marketing","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/innovation-in-coffee-marketing\/","title":{"rendered":"Innovation in Coffee Marketing"},"content":{"rendered":"<p><a href=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2013\/03\/coffee-mug.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7258\" title=\"Steaming black coffee in glass cup on coffee beans\" src=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2013\/03\/coffee-mug.jpg\" alt=\"\" width=\"500\" height=\"450\" srcset=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2013\/03\/coffee-mug.jpg 500w, https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2013\/03\/coffee-mug-300x270.jpg 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><\/p>\n<p>Here is a great article that I read in Central America Data .com on how an innovative company is working with coffee growers in certain Central American countries.\u00a0 Maybe my friends in the coffee business in Panama can tell me why it is not happening here.<\/p>\n<p>Thrive Farmers Coffee pays producers 50% of the proceeds from the  sale of coffee to retailers, in another example of a fair trade  initiative.<\/p>\n<p>According to Kenneth Lander,  one of its founders, Thrive Farmers Coffee is based on the idea that  farmers can &#8220;participate in the added value as the coffee goes down to  the final consumer.&#8221;<\/p>\n<p>Nacion.com reports that &#8220;Typically, farmers sell green beans, ie  unroasted coffee. In general, at this stage it is priced based on the  commodities market, which in February averaged $3.37 a kilo for arabic  coffee, according to the International Coffee Organization.  The concept of fair trade brings an improvement to this model. The  market price is paid for the grain, but more importantly, a minimum  price is guaranteed- now about $3.10 a kilo of Arabic coffee. &#8221;<\/p>\n<p>&#8220;&#8230; The Thrive system is about development, payments are made to coffee  farmers only after the product has been exported, packaged and sold to  retailers &#8211; at a much higher price. If the coffee is sold at, say, $16 a  kilogram, Thrive makes a 50-50 split of the profits with farmers who,  for example, end up with almost $8 a kilogram. &#8221;<\/p>\n<p>&#8220;&#8230; The farmers who work with Thrive have to pay higher costs for  processing and export, but Lander said they earn about four times what  they would with this fair trade scheme once you include the costs of production and the cooperative  shares. And Thrive helps to forge relationships with farms and  cooperatives who process coffee. Then, once the beans have been shipped  to the United States, Thrive takes over the management of packaging,  roasting and sales. In some cases, Thrive sells green beans to roasters,  and then the farmer receives 75% of the proceeds. &#8221;<br \/>\nThrive Coffee Farmers and producers are working with Costa Rica, Honduras and Guatemala.<\/p>\n<p>Source: Nacion.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here is a great article that I read in Central America Data .com on how an innovative company<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-7257","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Innovation in Coffee Marketing - Blog and Newsletter<\/title>\n<meta name=\"robots\" content=\"index, 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