Guatemala: Coffee Producers Fear Lower Prices

Farmers expressed concern about the possible entry of Brazilian coffee bean in contract "C" of the NY Stock Exchange.

Friday, October 15, 2010

The National Coffee Association (Anacafe) noted that the entry of Brazil could bring down the price of national aromatic high quality bean. reports that according to Ricardo Villanueva, president of the National Coffee Association (Anacafe), "... the bean-Brazilian robusta, is of inferior quality and large production, and because of the high volumes which Brazil handles it could cause a decline of up to U.S. $ 30 per 46 kilograms bag.”

Anacafé added that the Board of the Stock Exchange may decide soon to include the Brazilian coffee.

More on this topic

Falling Coffee Prices Worry Growers

February 2012

Grain prices fell by $20 on the Intercontinental Exchange (ICE) in New York, which will affect producer’s plans and their profit margins.

Last Friday (10th February) the grain traded at $220.60 per quintal, while on Wednesday (15th February), the price per quintal was $200.40.

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.

$1,000 million in Guatemalan Coffee

July 2011

Coffee sales abroad in the years 2011-2012 are estimated to increase by 17%.

A 17% increase in export of the harvest which begins in August and ends in October 2012, is expected by the National Coffee Association (Anacafe).

If these estimates are met it would mean that for the first time Guatemala will export the equivalent of $1,000 million worth in bags of coffee, a figure which could be achieved partly thanks to high grain prices that currently prevail internationally.

Brazil Requests Coffee included in "C" Contract

August 2010

This is Brazil's third attempt to get its coffee traded on the New York's "C" market; if accepted, the price of arabica beans could drop to as low as $30 per hundredweight.

This is in the context of arabica futures currently trading at more than $180 per hundredweight, largely due to falling supplies.

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