Coffee Industry Corporation Limited (CIC) Market Research Report

Company Overview

• Name: Coffee Industry Corporation Limited (CIC)

• Mission: No information is available

• Founded: Originally established as the Papua New Guinea Coffee Marketing Board in 1963, commenced operations in 1964. Became the Coffee Industry Board in 1976 before finally evolving into the Coffee Industry Corporation Ltd.

• Founders: No information is available

• Key People: No information is available

• Headquarters: Goroka, Eastern Highlands Province (EHP), Papua New Guinea

• Number of Employees: No information is available

• Revenue: No information is available

• Known For: The organization specializes in buying and selling coffee, setting prices, and monitoring coffee exports within Papua New Guinea. It is a regulatory body with a focus on the quality control and promotion of PNG coffee both locally and internationally.

Products

• Product Offerings: Primarily coffee-related services.

• High-Level Product Descriptions & Key Features:

• Quality Control and Coffee Export Management

• Key Responsibilities include control of coffee dealing activities, registration of coffee exporters, processing facility oversight, and quality control.

• Promotions and Marketing

• Promoting and marketing Papua New Guinea produced coffee both domestically and abroad.

• Research & Grower Services:

• Conducts research to improve the quality and quantity of coffee, offering services to growers.

Recent Developments

• Recent Developments:

• CIC has entered a partnership with the Unggai Bena District Development Authority (UBDDA) for a duration of three years (2023-2025) aiming to increase coffee production in the district.

• Kokonas Indastri Koporesin's product management services and a notable focus on agricultural productivity enhancement through partnerships such as with PACD and Kofi Management Services Limited.

• New Products Launched: No information is available

• New Features Added to Existing Products: No information is available

• New Partnerships:

• A notable Memorandum of Agreement was signed with the UBDDA to allocate K2 million towards coffee development.

• Export achievements by the Huwa Coffee Farmers’ Cooperative Society, leading to new export avenues such as to China and bringing in significant revenue.

Additional Developments

• Training and Certification: A CIC officer has been re-certified as a Q-Arabica Grader, an achievement that underscores a commitment to quality in the specialty coffee industry.

• Community Engagement:

• Over 600,000 coffee trees were planted as part of a district program, showcasing active community involvement in coffee production.

• A Coffee Freight Surety Scheme (FSS) Program was commended for facilitating coffee transport in remote areas, highlighting its impact on community accessibility and market reach.

This structured report highlights the core functions and recent developments of CIC, focusing on its roles within the coffee industry in Papua New Guinea.