Coffee firms turning away from Africa as EU deforestation law looms

World News
2023-12-20 | 07:28
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Coffee firms turning away from Africa as EU deforestation law looms
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Coffee firms turning away from Africa as EU deforestation law looms

Importers of coffee to the European Union are starting to scale back purchases from small farmers in Africa and beyond as they prepare for a landmark EU law that will ban the sale of goods linked to the destruction of forests, a cause of climate change.

Industry sources said the cost and difficulty of complying with the EU Deforestation Regulation (EUDR), which comes into force late in 2024, meant it was already having unintended impacts that could in time reshape global commodities markets.


Reuters 
 

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