Guatemala: Coffee Sector not Taking Advantage of High Prices

Despite the high price of coffee, Anacafé considers that growers are nowhere close to sell their product at such prices.

Wednesday, March 9, 2011

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.



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Guatemala: Coffee Producers Fear Lower Prices

October 2010

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

The National Coffee Association (Anacafe) noted that the entry of Brazil could bring down the price of national aromatic high quality bean.

Prensalibre.com reports that according to Ricardo Villanueva, president of the National Coffee Association (Anacafe), "...

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.

Guatemalan Coffee Sector Asks for Help

November 2012

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.

Coffee Prices Continue to Fall

March 2012

The price of a quintal has fallen below $200 due to a Brazilian "superharvest", with industry leaders recommending caution.

On Tuesday March 6th a quintal of coffee traded at $192.95 on the New York Stock Exchange, down 4.24%, lower again than at the beginning of the week when it was recorded at $201.5.

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