Guatemalan coffee exports will decrease by 9%
The National Coffee Association of Guatemala estimates that they will export 9% less for the 2008/09 harvest compared to the previous harvest.
Tuesday, October 14, 2008
The main reason cited by ANACAFE is the increase in production costs. The price of fertilizers, fuel, herbicides, freight, security, and insurance have experience huge increases. This is in addition to the difficulty in obtaining lines of credit due to the international financial crisis.
In May, Costa Rica's exports fell by 16.5% and Guatemala's by 4.3%.
Coffee sales abroad in the years 2011-2012 are estimated to increase by 17%.
The 9 coffee exporting countries of the Arabian coffee exported close to 27 million sacks of coffee at 60 kilos each.
Coffee exports from Guatemala to Europe increased 42% in the first three months of the current harvest.
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