The president of the National Coffee Association, Ricardo Villanueva, said that demand from other countries suffering shortages like Costa Rica, El Salvador and Nicaragua, could be met without problems by Guatemala, where there is an estimated existence of 100.000 quintals of high quality coffee."
The president of the Coffee Exporters Association of Guatemala (Adec), Thomas Nottebohm, said the harvest ending in September is 75% sold, leaving the remainder to be marketed at very competitive prices.
In the article by SigloXXI.com.gt, the president of Anacafé declared that the bean will be sold at market price, which according to the New York market, coffee for March and May delivery closed at $ 271.70 per quintal, $ 4 more than last session.
Anacafé, the country's Coffee Association, assured that exports for 2009/10 will be between 4.43 and 4.69 million quintals.
This is below the original forecast of 4.77 million quintals.
Ricardo Villanueva, president of the National Coffee Association, explained that “this downward revision happens as we expect irregular rain for the next winter… and that … some coffee growers were unable to fertilize their plantations adequately”.
According Anacafé, international grain buyers are delaying their purchases, waiting for prices to fall.
The international price of coffee is at record levels above $ 210 per bag. Directors of the National Coffee Association (Anacafe) explained that international buyers are expecting prices to fall and added that producers are finding it difficult to sell the product at these prices in the global market.
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.
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