Price Premiums for Fine Guatemalan Coffee at Historic Levels
A Price Premium of between $30 and $35 per quintal is being paid when it was between $8 and $12.
Monday, April 13, 2009
The president of the National Association of Coffee in Guatemala, Christian Rasch, said that although revenues from coffee exports have fallen by 45%, demand for the product continues to rise, which is demonstrated by the price premium being paid for it.
Very good harvests in Vietnam and Brazil, and a drop in European demand are the factors affecting prices, which continue to decline.
The price of a quintal has fallen below $200 due to a Brazilian "superharvest", with industry leaders recommending caution.
The price of coffee in the international market have stabilized at around $110 per 60 kilo sack.
The scarce supply of Colombian coffee is causing big distortions in international markets.
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