As Papua New Guinea celebrates 50 years of independence, Prime Minister James Marape is encouraging farmers to seize a rare economic opportunity driven by record-high global prices for cocoa and coffee.
Arabica coffee prices have surged above US$4.40 per pound, while cocoa has stabilized around US$8,000 per metric tonne — unprecedented levels in recent history. Coupled with a strong exchange rate of approximately K4.13 to the US dollar, this creates an advantageous environment for rural communities to significantly boost their incomes.
“This is a clear signal to farmers across PNG—from the Highlands to the Islands—that global markets are ready to pay premium prices for the high-quality, organically produced cocoa and coffee that we grow,” Marape said.
He called on cooperatives and agribusinesses to act swiftly to maximize these opportunities, highlighting the potential for sustained economic growth and improved living standards in rural areas.
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