Norman Grant - Gleaner file photo
Managing Director of Mavis Bank Coffee Factory and President of the Jamaica Coffee Exporters Association, Norman Grant, says a recent government decision will cost the struggling industry $150 million.
He says the Ministry of Agriculture and the Jamaica Commodities Regulator Authority (JACRA) awarded a contract to develop blockchain technology without first consulting industry members.
The goal is to meet strict EU environmental export regulations.
Mr. Grant explained that although the EU only accounts for 3 per cent of Jamaica's coffee exports, producers must still meet its rigorous environmental standards.
To comply, the authorities gave a contract to a private company to create a digital ledger system.
He added that coffee and cocoa industry officials will meet with the JACRA again on Friday to express their opposition to the move.
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