Kanungu District Chairman for Production, Marketing, and Commercial Services Joshua Rukundo has urged the coffee farmers to utilize the services of the Uganda Coffee Development Authority in order to produce high-quality coffee that will fetch high prices on the international market.
However, Rukundo told the farmers that coffee is a strategic crop that has international acclaim and is consumed worldwide, and therefore farmers should consider it a business and then produce a high-quality product.
Rukundo made the remarks today while addressing the Kanungu Coffee Farmers Cooperative Society Ltd. 6th Annual General Meeting that took place at St Andrews Church of Uganda Kihihi in Kihihi Town Council in Kanungu District.
The members must purchase more shares in order to raise working capital and start buying and selling coffee as a society to the international market without going through middlemen.
Earlier, the Chairperson of Kanungu Coffee Farmers Cooperative Society Ltd., Bannet Mwesigwa, said that they now have 711 shareholders and 1650 members with a share capital of Ugx 24 million and are now constructing a permanent structure at a site that was given to them by Kihihi Town Council.
Furthermore, he said that the society has tried to operate without external borrowing in the past year, and this has enabled them to disburse over Ugx 30 million to the nine groups under the proper Village Savings Loan Association (VSLA) methodology, and none of the groups is defaulting.
In conclusion, Mwesigwa said that this has built mutual trust between the cooperative and the farmers, which has helped them understand ownership in the cooperative movement.
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