Overvaluation of the local currency against the US dollar is hurting the competitiveness of Costa Rican exports.
Strengthening of the Costa Rican Colon against the dollar US is directly affecting export companies that generate costs in colones and receive dollars, which when converted into colones in Costa Rica are worth less than abroad. Added to this is the devaluation of the dollar against the euro, creating a negative effect on companies that sell their products in Europe.
The Producers Guild has revived efforts to create a technical regulation which requires roasters to indicate the origin of coffee on packaging.
Increased imports of coffee from countries such as Nicaragua, Guatemala and Peru have led the production sector to revive a proposal made in 2011 that would require companies to indicate whether packaged coffee is national or purchased from abroad.
Approximately 40% of coffee plantations in Costa Rica are more than 20 years old, which diminishes its productivity. Renewing 35.000 hectares means replacing some 17 million plants, project that will take 10 years.
The construction sector in Costa Rica, which faces a significant slowdown, laid off more than 17,000 workers at the end of 2008 as a product of the crisis. However, these workers were absorbed by rice, pineapple, sugar and coffee production.
As part of the Agritrade Platform, Guatemala will participate for the 27th time in PMA Fresh Summit, the most important international trade show and convention of fruits and vegetables in the United States, which will take place at Anaheim Convention Center, California from October 17th to 19th.
CECA mills and exports high quality green coffee from every region of Costa Rica, supplying specialty coffee industries of the United States, Canada, Europe and Japan.
Operates in Costa Rica
Phone: (506) 2202 4444 - (506) 2202 4400
CISA Exportadora is a green coffee exporting company based in Nicaragua owned by the Baltodano family who enjoys over 100 years of coffee tradition.
Operates in Nicaragua
Phone: (505) 2270 4414 - (505) 2270 4412
As a Holding Company we are interested in helping other companies to succeed. We do that by investing in other companies with capital and or professional help to allow them to grow in exchange for ownership.
Operates in Panama and Panama
Phone: (507) 7202158