The Salvadoran Coffee Council (CSC) reported that, based on preliminary figures, exports for the month of August were at 141,557 quintals, or 5% less than the 149,078 quintals recorded for the same month in 2007.
On the other hand, earnings generated by sales abroad reached $19.1 million, which represents an increase of 14.2% on the $16.7 million that were earned in August 2007.
The increase in value is due to the increase in the average price of the Salvadoran coffee, which went from $116.59 to $132.70 per sack.
In May, 266,744 quintals were exported, 74% higher than the 153,324 in the same period in 2010.
Export revenues reported an increase of 149.4% and totaled $58.9 million compared to $23.6 million in May 2010.
"The average price per quintal exported this month was $220.85, surpassing by more than $65.00 the past average price of $154.09 per quintal." reported an article in Elsalvador.com, "For its part, the cumulative export volume for the year 2010/2011 from October 2010 to May 2011, totaled 1,741,076 quintals, an increase of 57.1% compared to exports during the same period in the previous cycle which was 1,108,570 quintals. "
El Salvador ended the 2007-2008 coffee harvest with exports of 1.9 million quintals worth $253.3 million
These are the best figures that the country has had in the last six seasons, Ricardo Espitia, executive director of the Salvadoran Coffee Council, reported yesterday.
The sales figure for the 2007-2008 coffee harvest, which ended on September 30, is the biggest reported since the 2002-2003 harvest, when exports were 1.7 million quintals (46 kg each) or $105.5 million in earnings.
In the 2010/11, the country exported 600,526 quintals of special coffee, generating foreign exchange of $136.59 million. For this harvest, 2011/12, 660,593 quintals have been exported up to August, with foreign exchange earnings of $165 million.
According to information from the Salvadoran Coffee Council (CSC), this year $302.08 million has come into the country in foreign exchange from coffee exports, of that number 54% is from the sale of specialty coffee (which includes gourmet organic , sustainable and Fair Trade, among others).