Speculation Delays Coffee Sales in Guatemala

According Anacafé, international grain buyers are delaying their purchases, waiting for prices to fall.

Thursday, November 11, 2010

The international price of coffee is at record levels above $ 210 per bag. Directors of the National Coffee Association (Anacafe) explained that international buyers are expecting prices to fall and added that producers are finding it difficult to sell the product at these prices in the global market.

They also commented that production is balanced in exporting countries, there is no shortage justifying the high price, so that categorizes the prices as "abnormal" and the result of "speculation."

Representatives of the Federation of Coffee Cooperatives of Guatemala, estimated that of the domestic production, only "30 percent of the low altitude grain has been sold, mainly due to this factor," reported prensalibre.com.



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More Downward Pressure on Price of Coffee

December 2012

Very good harvests in Vietnam and Brazil, and a drop in European demand are the factors affecting prices, which continue to decline.

Added to a persistent decline in the international prices, is the extensive affect on Central American harvests of the "Roya" blight, that is affecting an estimated 80% of plantations. The effects of the pest will be felt not only in the present harvest, but in the next.

Coffee Prices Continue to Fall

March 2012

The price of a quintal has fallen below $200 due to a Brazilian "superharvest", with industry leaders recommending caution.

On Tuesday March 6th a quintal of coffee traded at $192.95 on the New York Stock Exchange, down 4.24%, lower again than at the beginning of the week when it was recorded at $201.5.

Falling Coffee Prices Worry Growers

February 2012

Grain prices fell by $20 on the Intercontinental Exchange (ICE) in New York, which will affect producer’s plans and their profit margins.

Last Friday (10th February) the grain traded at $220.60 per quintal, while on Wednesday (15th February), the price per quintal was $200.40.

$300 plus per Quintal of Coffee

May 2011

The price of a quintal of coffee reached the highest level in the last 30 years on the Intercontinental Exchange in NY.

Coffee prices, since surpassing the $200 barrier on 20 October 2010, have continued to climb, trading on 28 April at $305 per quintal, said Gerardo de Leon, Manager of Marketing of the Federation of Coffee Cooperatives of Guatemala (Fedecocagua).

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