Company president Samuel Quirós confirmed the sale.
He said higher incomes are now a fact in China, and the first shipments to the Far East have been good for the company.
"We don't know how much they will buy, since the orders are still small," he said, "but this is a project of two years through an American firm with trade relations in China. It's a difficult market but you can make it big there."
Four contracts for coffee deliveries for this harvest have been signed between Taiwanese companies and coffee producers from Guatemala.
The deals were made during part of a trade mission comprised of nine Taiwanese companies in the coffee sector, interested in opportunities in the coffee business, and strategic alliances for the purpose of jointly exploring the Asian 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.
The company reached an agreement to distribute its coffee brand in the Republic of China.
"As part of the agreement, the national company will have a stake in the coffee chain 1919, which is headquartered in Taipei, as well as 42 locations in China, said the Foreign Trade Promoter (Procomer) on Wednesday," reports El Financiero.com.
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