Salvadoran coffee farms will change 2009/2010 projections
The increase in minimum wages has caused the coffee sector to reestablish its goals for the current harvest.
Monday, December 8, 2008
A new increase in the minimum salary was not included in the projections for the 2009-2010 harvest, according to Salvadoran farmers. With this change, under which they will have to pay $0.78 per each 25 lbs of harvest coffee, farmers will need to change their plans, despite the fact that they pay their workers more than the minimum wage ($1 per each 25 lbs of coffee).
At an average price of $ 188.71 per quintal, farmers have placed 84% of export crop for the year 2010-2011.
The new minimum wage was set at $1.04 (21.5 córdobas) for each coffee can.
Growers explained that banks are not using the special credit line created specifically for them by the Government, which is channeled through the Multi-sector Investment Bank (BMI).
After overtaking Guatemala to become the main producer in Central America, Honduras is seeking to improve its position in the world rankings of coffee growers.
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