Panama to Import Coffee for Domestic Market

Due to poor yields during harvest the country must import about 6 million quintals of coffee in order to supply demand from the local market.

Friday, March 18, 2011

The purchase will be made through Bolsa Nacional de Productos (Baisa), arriving the country in late April.

"Faced with decline in coffee production, on March 20th, coffee growers and agricultural authorities will meet in Boquete, Chiriqui Province, to define a future strategy for the coffee industry," reported Prensa.com.



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On the National Producers Stock Exchange, known as BAISA, 13 companies are bidding for import licenses for nearly five thousand metric tons of dairy products.

The $18.8 million quota negotiated must enter the country until June 30, 2013. Skimmed milk and curd will be imported from the United States and whole milk from New Zealand.

Update on Costa Rican Coffee

March 2012

After several years of significant imports, it is estimated that in 2012 the country will harvest enough coffee to meet local market demand.

Until November 2011, the Coffee Institute of Costa Rica (Icafe) recorded imports of coffee totalling 208,008 bags, each weighing 46 kilos, which is 25% more than in 2010.

Panama: Coffee to be Imported to Meet Local Demand

June 2011

The shortage is predicted for July and August and grain will be supplied from the Dominican Republic, Brazil and the U.S.

Climate change, attack by the "cats eye" fungus, and the outfloe of raw materials to Costa Rica are among the factors that necessitate an import in the coming months.

Panama Analyzes Coffee Imports

February 2011

Considering current crop production is down 50%, for the first time the country is studying importing the bean.

Authorities and farmers are making inventories of existing stocks in order to determine the amount that would be required to satisfy the local market.

"The low crop yields, the attack of the 'Ojo de Gallo' fungus and the escape of raw materials to Costa Rica has caused shortage, driving the price per quintal of coffee," adds Prensa.com.

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