AGL 37.83 Decreased By ▼ -0.71 (-1.84%)
AIRLINK 130.65 Increased By ▲ 1.15 (0.89%)
BOP 5.70 Increased By ▲ 0.09 (1.6%)
CNERGY 3.85 Decreased By ▼ -0.01 (-0.26%)
DCL 8.88 Increased By ▲ 0.15 (1.72%)
DFML 41.30 Decreased By ▼ -0.46 (-1.1%)
DGKC 88.55 Increased By ▲ 0.25 (0.28%)
FCCL 35.16 Increased By ▲ 0.16 (0.46%)
FFBL 66.55 Decreased By ▼ -0.80 (-1.19%)
FFL 10.66 Increased By ▲ 0.05 (0.47%)
HUBC 109.25 Increased By ▲ 0.49 (0.45%)
HUMNL 14.88 Increased By ▲ 0.22 (1.5%)
KEL 4.75 No Change ▼ 0.00 (0%)
KOSM 6.96 Increased By ▲ 0.01 (0.14%)
MLCF 41.78 Increased By ▲ 0.13 (0.31%)
NBP 59.26 Decreased By ▼ -0.34 (-0.57%)
OGDC 181.35 Decreased By ▼ -1.65 (-0.9%)
PAEL 26.48 Increased By ▲ 0.23 (0.88%)
PIBTL 5.99 Increased By ▲ 0.02 (0.34%)
PPL 145.91 Decreased By ▼ -0.79 (-0.54%)
PRL 23.63 Increased By ▲ 0.02 (0.08%)
PTC 16.70 Increased By ▲ 0.14 (0.85%)
SEARL 68.89 Increased By ▲ 0.59 (0.86%)
TELE 7.28 Increased By ▲ 0.05 (0.69%)
TOMCL 36.10 Increased By ▲ 0.15 (0.42%)
TPLP 7.98 Increased By ▲ 0.13 (1.66%)
TREET 14.10 Decreased By ▼ -0.10 (-0.7%)
TRG 50.80 Increased By ▲ 0.35 (0.69%)
UNITY 26.98 Increased By ▲ 0.23 (0.86%)
WTL 1.22 Increased By ▲ 0.01 (0.83%)
BR100 9,806 No Change 0 (0%)
BR30 29,678 No Change 0 (0%)
KSE100 92,504 Increased By 199.5 (0.22%)
KSE30 28,856 Increased By 15.8 (0.05%)

Ethiopia and British charity Oxfam on Thursday accused Starbucks of stopping the Horn of Africa country from trademarking its coffee, denying farmers potential income of about 50 million pounds ($94.22 million).
Oxfam said the US coffee shop giant, which had turnover of $7.8 billion in the year to October 1, prevented Ethiopia from securing trademark protection for two of its best-known beans, Sidamo and Harar.
If Ethiopia, one of the world's poorest countries, been successful, it would have allowed the country to control the use of the beans in the market, giving its farmers more of the retail price and securing an estimated extra 48 million pounds, the charity said.
"Securing the trademark for its Sidamo, Harar and Yirgacheffe coffee beans could have allowed the country to increase its negotiation leverage through control of the names and ultimately drive a greater share of the retail price in the global market," Ethiopia's Foreign Ministry said in a statement. Starbucks denied being behind the blocking bid by the US National Coffee Association (NCA) at the US Patent and Trademark Office (USPTO).

Copyright Reuters, 2006

Comments

Comments are closed.