Reduction in Nicaraguan Coffee Exports
The National Coffee Commission foresees a decline of $100 million in export values for the 2008 - 2009 cycle.
Tuesday, March 31, 2009
Walter Navas, Director of Conacafé informed Elperiodico.com.ni: "It is estimated that 1.3 million quintals of coffee will exported this year, while the previous harvest allowed the foreign sale of 2 million quintals. About $150 million in exports will be generated by the 2009 - 2010 harvest, while the previous cycle, he said, produced $262 million."
The Salvadoran Coffee Council (CSC) expects a slight drop in the coffee harvest for this year.
A difference of 400 million quintals from the previous projections (1.9 million) and the final export figures (2.3 million) suggest grain smuggling from Honduras.
In October 2012 80,771 bags of coffee weighing 60 kilos were exported compared to 129,471 bags in the same month in 2012.
Foreign exchange earnings from exports of the aromatic 2010-11 crop will total $1,100 million.
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