RWf/USD exchange rate of 1000Rwf/USD at time of calculation
Cost of production 2022 is forecast while awaiting end of season data.
Anticipated 20% increase in cost of production, hence 2022 cost vs 2021
Early indications show that since Good Human became involved, farmers were able to earn around three times as much as the earned in the previous year, after cost of production is covered, which is a fantastic achievement. Of course a part of this has been precipitated by the rising world coffee prices which saw a record 410Rwf / Kg being set by NAEB agriculture board in Rwanda. However, notwithstanding this, there is a significant improvement in earnings for farmers.
Good Human has agreed with farmers to at least pay the same rate again next year even if the market price should fall, allowing communities to invest in their production with the knowledge that they will earn at least the same again regardless of the world market in 2023.