In trademarking its coffee, Ethiopia seeks fair trade
The move could help the country's coffee growers to earn some $88 million more per year.
By Matthew Clark | Staff writer of The Christian Science Monitor
Yirgacheffe, Ethiopia - Nestled in the hills of southern Ethiopia lies a resource that could catapult this nation forward: coffee.
Connoisseurs worldwide savor the beans from Yirgacheffe for their distinctive flavor. And at a time when more consumers are targeting specialty brews, Ethiopia is poised to reap the rewards of a product that commands $10 per pound in the United States.
But while upscale consumers are willing to pay top dollar for the beans, farmers in Ethiopia sell their product for a pittance – less than $1 per pound. "It's like growers of Dom Perignon Champagne getting the same price as growers of bulk wine," says Ron Layton, founder and chief executive of Light Years, IP, a Washington-based group that helps producers in poor countries get better prices.
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