Coffee, cocoa and soy, magnets of foreign currency

Image: Expreso

When the aftermath of the earthquake and adjustments of the Government ‘trap’ the discussion about what shold be done to avoid the economic deterioration of the country, there are people working in the countryside and offices looking for options.

If the exit or entry of foreign exchange is the original problem, we will have to resort to what has always generated dollars in the past: coffee and cocoa. And one of the most important banks in the country, a company that provides inputs, an industry and a qualified seeds and agricultural services provider have started from that point.

Together they have decided to promote the cultivation and guaranteed purchase of robusta coffee, cocoa and CCN 51.

The capital will be used to purchase fixed assets, plants and technical advice; the industry will be tge retention agent and agricultural enterprises will provide support.

The proposal is to turn our eyes to the countryside, the sector that thanks to the private initiative, has allowed Ecuador to stay afloat in the crisis by the low price of oil.

Source: http://expreso.ec/economia/cafe-cacao-y-soya-los-imanes-de-las-divisas-FA299698