The Japanese company UCC Ueshima Coffee Co. paid $2,350 per hundredweight of gourmet coffee from the farm Positos San Ignacio, in the international electronic auction called the Cup of Excellence.
Twenty-seven lots were entered into the electronic auction, which along with coffee from the farm Positos de San Ignacio, included the farm Nueva Esperanza, which took second place with a price of $2,310 per quintal, and was acquired by buyers in the UK and Asia, mainly. The Nueva Espernza lot was bought by the group Maruyama and Coffee A Gogo from Japan Mesh coffee from South Korea and Orsis Coffee from Taiwan.
The Executive is proposing to reform the scope of the law and charge a "registration for coffee production fee" of $0.50 per hundredweight.
Despite the outbreak of coffee rust, the debt of $200 million and the funding crisis facing the coffee sector, the Salvadoran government intends to collect more taxes. Currently the bill raised by the Executive Branch is being analyzed by the agricultural legislative committee.
With an investment of $24 million the country has plans for reforestation and replanting at least 40 thousand acres of land in 2014.
From a press release from the Ministry of Agriculture and Livestock in El Salvador:
As part of developing the presidential program "Rescue and Development of National Coffee Culture", the Deputy Minister of Agriculture, Hugo Flores Hidalgo, accompanied by a representative from the American Institute for Cooperation on Agriculture (IICA) in El Salvador, Gerardo Escudero, and Executive Director of the Salvadoran Coffee Council, Ana Elena Escalante, participated in the delivery of coffee seedlings to farmers in the area of San Pedro Nonualco, Department of La Paz.
Earnings from exports were $213.69 million between October 2011 and April 2012, down 24.9% compared to the $284.5 million in the same period of the previous crop.
Foreign sales in the period October 2011-April 2012 totaled $213.69 million, coming from shipments of 903,992 quintals where the average sales price was $236.38 per quintal. Furthermore, there was a 39.5% drop in production volume.
The Salvadoran Coffee Council stated that the" tender has been created because PROCAFE has not been fully complying with transfer and research services."
The Salvadoran Foundation for Coffee Research (Procafé) is the body that usually provides transfer and technological research services as well as statistics generated by the coffee sector, services which have now been put out to tender.
Improved grain prices encouraged banks to increase their loan portfolio for coffee production to about $56 million.
The bank approved $56 million for coffee planting in El Salvador between January and November 2011, 29.8% more than the same period in 2010 ($43.24 million), revealed the Superintendency of the Financial System (SSF).
Revenues from coffee exports increased by 366% in August 2011 compared to the same period in 2010.
Between October 2010 and August 2011 revenue from foreign sales of coffee increased by 129.6%, with total exports of $435.09 million compared to $189.48 million in the same period of last year’s crop, 2009-2010.
President Mauricio Funes has announced the investment of $4 to $5 million a year for the next three years in the industry.
As part of the ‘Diagnosis of Coffee Culture’ presentation made by Carlos Brando, the international consultant who advises the Executive in implementing the ‘Plan for Family Agriculture’, the President of the Republic, Mauricio Funes, presented plans for his next three years of tenure.
Sustainable 70 Acre Coffee Farm, San Ramon, Costa Rica Coffee Estate, development property with 20 titled lots, ready to develop with roads, water and power. Great Location, close to everything. Ideal area for living or developing an ecologically...
Generates business opportunities by linking supply and demand of goods and services between Central America and the rest of the world.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (506) 225 4786
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