US financial crisis not affecting price of coffee

The financial crisis in the United States is still not affecting the price of coffee in the international market.

Thursday, September 25, 2008

Max Quirin, coffee producer and ex-president of the National Coffee Association (Anacafe), commented that if the financial problems do no lead to a recession in the US as well as in Europe, the global consumption level will be maintained or grow slightly.
According to Anacafe, every year some 170 million quitales of coffee is consumed worldwide.

More on this topic

Guatemalan Coffee: $375 million less than in 2011

March 2012

The downward trend in grain prices continues, and the National Coffee Association has estimated a 20% decline in revenues from grain exports during 2012.

A quintal of coffee traded on Friday at $185 on the Intercontinental Exchange (ICE) in New York, nearly $100 less than the price in October 2011 ($280), causing consternation among coffee farmers in Guatemala, reports Elperiodico.com.gt.

Speculation Delays Coffee Sales in Guatemala

November 2010

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

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.

Colombian Coffee Scarcity Distorts Markets

June 2009

The scarce supply of Colombian coffee is causing big distortions in international markets.

In New York’s market, premium Colombian coffee is trading at very high prices, averaging $0.70 per pound, because of the shortage in supply from the South American country, caused by bad climate and a plan for reforestation.

Coffee prices stabilize in the international market

December 2008

The price of coffee in the international market have stabilized at around $110 per 60 kilo sack.

Throughout November 2008 the prices recorded in the "C" contract in the New York Stock Exchange fluctuated around $100.

Esther Eskenasy, market analysis for the National Coffee Association (Anacafe), explained that on Monday 8th, the US Department of Agriculture had lowered global coffee production for the 2008/2009 harvest, and this helped to stabilize the coffee prices.

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