AGL 38.74 Increased By ▲ 0.18 (0.47%)
AIRLINK 215.20 Increased By ▲ 7.43 (3.58%)
BOP 10.02 Decreased By ▼ -0.04 (-0.4%)
CNERGY 6.67 Decreased By ▼ -0.41 (-5.79%)
DCL 9.61 Decreased By ▼ -0.38 (-3.8%)
DFML 40.69 Decreased By ▼ -0.45 (-1.09%)
DGKC 101.45 Decreased By ▼ -2.01 (-1.94%)
FCCL 35.90 Decreased By ▼ -0.45 (-1.24%)
FFBL 88.99 Decreased By ▼ -2.60 (-2.84%)
FFL 14.20 Decreased By ▼ -0.40 (-2.74%)
HUBC 136.49 Decreased By ▼ -2.94 (-2.11%)
HUMNL 14.00 Decreased By ▼ -0.10 (-0.71%)
KEL 5.76 Decreased By ▼ -0.21 (-3.52%)
KOSM 7.39 Decreased By ▼ -0.47 (-5.98%)
MLCF 46.63 Decreased By ▼ -0.65 (-1.37%)
NBP 66.38 Decreased By ▼ -7.38 (-10.01%)
OGDC 222.40 Decreased By ▼ -0.26 (-0.12%)
PAEL 38.88 Increased By ▲ 0.77 (2.02%)
PIBTL 8.99 Decreased By ▼ -0.28 (-3.02%)
PPL 200.79 Decreased By ▼ -5.06 (-2.46%)
PRL 39.65 Decreased By ▼ -0.20 (-0.5%)
PTC 26.20 Decreased By ▼ -0.42 (-1.58%)
SEARL 105.95 Decreased By ▼ -4.29 (-3.89%)
TELE 9.23 No Change ▼ 0.00 (0%)
TOMCL 38.00 Decreased By ▼ -0.21 (-0.55%)
TPLP 13.85 Increased By ▲ 0.08 (0.58%)
TREET 25.85 Decreased By ▼ -0.60 (-2.27%)
TRG 59.28 Decreased By ▼ -1.26 (-2.08%)
UNITY 33.77 Decreased By ▼ -0.37 (-1.08%)
WTL 1.75 Decreased By ▼ -0.13 (-6.91%)
BR100 12,104 Decreased By -194.7 (-1.58%)
BR30 37,966 Decreased By -911.3 (-2.34%)
KSE100 112,985 Decreased By -1875.6 (-1.63%)
KSE30 35,562 Decreased By -634.5 (-1.75%)

CAPIRA, (Panama): An incentive program for coffee farmers in Panama who have planted scores of trees near the country’s namesake canal also seeks to benefit the key global waterway, which has recently suffered from major drought that has crimped the flow of trade.

The 15-year-old program aims to slow the accumulated environmental damage, including soil erosion and the contamination of local rivers, that have contributed to the canal’s falling water levels.

At the same time, it allows farmers to expand their plantings and even access higher prices for the robusta beans they produce. To date, the Panama Canal Authority (ACP) has spent $32 million on the program, which is used to train coffee farmers to adopt more environmentally friendly methods as well as help them access certifications that offer a premium for their beans.

“It improves our economy. It helps the climate. We can protect the rivers and it helps the canal better cope with droughts,” said Roberto Benitez, who leads a local coffee growers group. “It’s true that by reforesting the farms with coffee we don’t solve everything,” he added. “But it helps.”

Some 1,700 local farmers benefit from the initiative. During the last coffee harvest, around 10,600 60-kilogram bags of robusta beans were harvested in the Capira area, home to many of the program’s farmers, located on the canal’s western basin.

Experts credit the project with helping to slow the damage to the surface water sources crucial to the functioning of the canal, through which around 5% of global trades passes, at a time when the ACP has been forced to reduce crossings due to severe drought. ACP head Ricaurte Vasquez praised the farmers, arguing that they make the interoceanic waterway more resilient to the global climate crisis.

Comments

Comments are closed.