Guatemalan Coffee: $375 million less than in 2011

The downward trend in grain prices continues, and the National Coffee Association has estimated a 20% decline in revenues from grain exports during 2012.

Wednesday, March 14, 2012

A quintal of coffee traded on Friday at $185 on the Intercontinental Exchange (ICE) in New York, nearly $100 less than the price in October 2011 ($280), causing consternation among coffee farmers in Guatemala, reports Elperiodico.com.gt.

Producers of the late harvest are in the process of gathering the harvest with the prospect that this downward trend continue.

Exports of coffee from Guatemala could suffer a reduction in revenue of about $375 million, down 20% compared to the $1.175 billion sold in 2011, when grain prices reached record highs over $300 per quintal, the highest in 30 years. If this behavior of markets continues, Guatemalan exports in 2012 could total about $800 million, according to estimates from the National Coffee Association (Anacafe).

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More on this topic

Guatemala: No Change in Coffee Harvest 2011-12

November 2011

The country's coffee association, Anacafe, predicts that export production will be similar to this year.

Coffee producers have closed the current harvest with a 6% increase in export grain, selling a total of 4.5 million hundredweight.

However, projections for the 2011-12 harvest are not so encouraging with producers signaling that production could suffer due to damages to plantations caused by last month's heavy rains.

Guatemala: Record Coffee Sales

September 2011

Foreign exchange earnings from exports of the aromatic 2010-11 crop will total $1,100 million.

The $1,100 million figure, represents a 59% increase compared to the 2009-10 harvest ($ 691.4 million), according to the National Coffee Association (Anacafe).

The record revenues are the result of the excellent prices which coffee reached during the 2010/2011 production, an average of $289 per quintal.

Honduras Expects Record Coffee Harvest

June 2010

If the current trend is sustained, the country would export 4.6 million quintals, 4% more than the record season 2007/08.

The Honduran Coffee Institute (Ihcafé) informed that between October 2009 and June 2010 the country shipped 3.4 million quintals, 74% of the entire season’s forecast. If estimates prove to be true, the country will net $176 million in revenue.

Guatemala Reduces Coffee Export Target

March 2010

Anacafé, the country's Coffee Association, assured that exports for 2009/10 will be between 4.43 and 4.69 million quintals.

This is below the original forecast of 4.77 million quintals.

Ricardo Villanueva, president of the National Coffee Association, explained that “this downward revision happens as we expect irregular rain for the next winter… and that … some coffee growers were unable to fertilize their plantations adequately”.

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