Coffee Washing Processing Project - Niche Market for Vietnam
Asian Development Bank (ADB) President Haruhiko Kuroda recently paid a working visit to Dak Man Coffee Company to learn more about a highly innovative business project that Dak Man is implementing, in collaboration with a coffee-growing commune in the Ea Kiet district of Dak Lak province.
The project is creating the first smallholder-owned and operated coffee washing station in Vietnam, thereby significantly increasing the returns for local, poor coffee producers. It is also the first Fair Trade certified project of its kind.
The introduction of washed coffee at the smallholder level has the potential to increase coffee prices received by smallholder producers, and develop niche market opportunities for Vietnamese coffee, which has previously been treated as a bulk low value product. If successful, this project could play a leading role in the development of a significant new market segment for value added Vietnamese coffee in the international market.
The coffee project is being supported by the Vietnam Challenge Fund (VCF), a component of Making Markets Work Better for the Poor, Phase 2 (M4P2). M4P2 is a project managed by ADB and funded by UK's Department for International Development.
Q.C