The National Coffee Association (Anacafe) states in a press release:
Both the Guatemalan and the International Coffee Market are paralyzed. The sale and purchase of the bean by exporters is practically suspended.
The reasons are:
1. Lack of cash to purchase coffee at current prices.
2. Failure to return in full the 2010 tax credit and part of the 2009 credit also.
3. Slow purchase from roasters worldwide.
Previously, international buyers financed future market positions with the contract price, it is now virtually impossible to use this mechanism because farmers have to finance these positions on their own.
In conclusion, Guatemalan producers will not be able to sell their harvest at current prices. We encourage producers to be cautious and patient during negotiations. Locally, prices offered are lower than in the international market, we recommend patience while market normalizes.
In light of the spread of rust in coffee fields and a drop in international prices, the coffee sector is asking the government to provide support measures.
The president of the National Coffee Association (Anacafe), Nils Leporowski, said it will take their requests to the Cabinet of Government, among which are special considerations in the payment of taxes and exemptions for the importation of chemicals to combat the plague.