Prensalibre.com 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.
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.