The 2010/11 harvest begins on 1 October this year and ends on 30 September 2011.
Two months in, it is estimated that total harvests for the year will be 2.1 million hundredweight, meaning that sold to date equates to 20%.
Tomás Bonilla from the Salvadoran Coffee Association (CSC) indicates that this percentage could be higher, "since it is possible that some producers have not yet reported their sales," reports Laprensagrafica.com.
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From the current coffee season, which spans from October 2009 to September 2010, 21% has already been sold.
350.000 quintals have already been traded at an average price of $145, ensuring exports for $50 million, reported the Salvadoran Coffee Council (CSC).
"Tomás Bonilla heads the Department of Exports of CSC.
During current 2010-11 about 1.9 million bushels (46 kilos each) are expected to be harvested, 15% less than last season.
Industry sources said that decline in production is due to the impact of heavy rains which affected crops last year.
The chief executive of the Costa Rican Coffee Institute (Icafe), Ronald Peters, "...
Producers estimate a 60% increase for the 2010-2011 harvest, reaching 2.4 million quintals.
Antonio Alvarado, president of the Salvadoran Foundation for Coffee Research (Procafé), stated that the growth is partly driven by good international prices.
"By the middle of last year, international coffee prices reached levels not seen in 13 years.
Up to date, the country has secured the sale of 795.000 quintals of coffee from the 2009/10 harvest, netting $116,5 million.
From these, 304.000 quintals have already been shipped at a $39/quintal price, according to data from the Salvadoran Coffee Council (CSC).
“Tomás Bonilla, head of the exports department at CSC, explained that this harvest has been better than the previous one.