The National Association of the Coffe Industry increased their production estimates for the 2009-2010 harvest, from 3.5 to to 3.85 million 60-kilogram sacks.
With this new forecast, production would increase 17% in comparison to the previous cycle.
"Good growth conditions are appearing at times when global demand for quality coffee is raising, as Colombia - one of the largest coffee producers of the world - is facing shortages due to adverse climate and a coffee plantation renewal program", reported newspaper La Prensa Gráfica in its website.
A Price Premium of between $30 and $35 per quintal is being paid when it was between $8 and $12.
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.
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