The volume and income from coffee exports in October, the first month of the 2008-2009 coffee season, are down 28.9% and 16.1 % respectively.
The Salvadoran coffee Council reported that during the first month of the new coffee export season income from foreign sales of 35,546 hundredweight (46 kilograms each) of coffee totalled 5.2million dollars.
Earnings from coffee exports rose 14% in El Salvador during August 2008
The Salvadoran Coffee Council (CSC) reported that, based on preliminary figures, exports for the month of August were at 141,557 quintals, or 5% less than the 149,078 quintals recorded for the same month in 2007.
On the other hand, earnings generated by sales abroad reached $19.1 million, which represents an increase of 14.2% on the $16.7 million that were earned in August 2007.
El Salvador is getting ready to close the 2007-2008 coffee season with the best figure of the last quinquennium in terms of export volume and income earnings.
Ricardo Espitia, Executive Director of the Salvadoran Coffee Council (CSC), indicated that at the close of the current season (2007-2008) on September 30, there will be a very positive increase in all indicators, that is, "after a cycle of low production and, by extension, exports." He also believes that the increase shows that coffee continues to be a drink "that has not gone out of style and that is liked more and more."
Exports of coffee from El Salvador rose by 29 percent in May, compared with the same period in 2007.
Revenues increased by 46 percent, reflecting higher world prices, the El Salvador Coffee Board said.
In May of this year El Salvador exported 241,060 quintals of coffee, compared with 187,298 quintals last year. A quintal is equivalent to about 46 kilograms or about 100 pounds.
The 36 lots of coffee that won in the Cup of Excellence competition were to be sold today.
More than 100 coffee buyers were preparing to bring home some of the best coffee in El Salvador. The electronic coffee auction, in which the 36 winners of the Cup of Excellence competition take part, began at seven o'clock in the morning in San Salvador, and was expected to last about five hours. Results can be seen on the web site www.cupofexcellence.org.
El Salvador's coffee producers hope to open new markets in Europe for high-quality coffee under the trade association now under negotiation between Brussels and Central America.
"The association agreement is a major market opportunity for our coffee. Germany is already a customer but we want to expand sales to other European nations too," said Ricardo Espitia, executive director of the Salvadoran Coffee Council.
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