Coffee deal brewing at FMI

First Myanmar Investment Co Ltd (FMI) has announced that it is to establish coffee plantations in Burma with a view to exporting coffee.

An agreement has been made so that the coffee plantations will be overseen by our subsidiary company, Myanmar Agri-Tech Ltd, in cooperation with ED & F Man Asia Pte Ltd, said a spokesperson from FMI in Rangoon.

ED & F Man is a global coffee trading company, founded in London in 1783. It currently operates in some 60 countries and has interests in the sugar, molasses, animal feed, tropical oils, biofuel and coffee industries.

The agricultural arm of FMI, Myanmar Agri-Tech has investments in castor oil, pepper and neem tree plantations, the latter providing much needed organic pesticide in Burma.
For its part, Rangoon-based FMI is a stakeholder in a variety of large-scale ventures, including real estate, manufacturing, trading, agriculture, and the automobile industry.

According to data from the United Nations Food and Agriculture Organization, Burma produced 48.08 metric tons of coffee in 2007. Coffee production is spread over a large number of states and divisions throughout the country. Arabica tends to be produced in the uplands in the north while Robusta is predominantly produced in the lowland southern areas.

source: Mizzima

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