A reduction has been projected of between 10% and 15% in the 2017/18 harvest due to the effects of drought and frost in different production areas in the country.
The projections are the result of an assessment carried out by the technical department of the National Coffee Association (Anacafe) in different parts of the country.For the 2017/18 harvest a production of 3.35 million hundredweight is expected.
The growing debt now exceeds $180 million and a lack of funds to invest in research and renovation of the park is increasingly reducing the possibility of the industry improving.
For companies in the coffee sector, with each passing year the situation is getting worse.Not only are the effects of weather on plantations hurting their performance, but so is lack of investment in research and funding necessary for an activity that is becoming less competitive compared to other producers and exporting countries.
Exports to date total 2,025,986.39 bags of 46 kg, an increase of 40.88% compared to the 1,438,099.70 recorded in the same period in 2015-2016.The value of exports is 292.94 million showing an increase of 60% compared to the 177.83 million recorded on this date in 2015-2016.
From February 7th to 20th a delegation of Taiwanese businessmen will be visiting the two countries to evaluate and buy coffee, and take part in business meetings with local coffee growers.
As part of the Taiwan Coffee Mission 2017, organized by the Ministry of Foreign Affairs in cooperation with the Trade Office for Central America in Taipei, entrepreneurs will visit farms, take part in tastings and hold business meetings with local producers.
An initial estimate of global coffee production in 2016/17 suggests that the world total
will remain relatively stable, up 0.1% to 151.6 million bags.
From the monthly report by the International Coffee Organization:
Coffee production to remain stable despite Arabica/Robusta divergence
An initial estimate of global coffee production in 2016/17 suggests that the world total will remain relatively stable, up 0.1% to 151.6 million bags. Arabica production is potentially set for a record level of 93.5 million bags with bumper crops expected from Brazil, Colombia and Honduras. Prospects for Robusta supply, on the other hand, are less positive, with lower crops expected from most major origins. Prices on the futures markets have reflected these developments recently, with Robusta prices generally showing support and Arabica under pressure, leading to a narrowing in the arbitrage between the two.
Cultivation of this variety has been authorized in seven departments in the Pacific and in the autonomous regions of the Northern and Southern Caribbean, except in the municipality of Waslala.
Finally, and after months of waiting, Nicaragua has been given permission to extensively plant the variety of robusta coffee, which so far had been kept at limited levels, and has generated controversy over the possibility that it might represent competition for the cultivation of Arabica coffee.
The largest producer of washed Arabica coffee increased its harvest in the last twelve months by 3%, reaching 14 million bags each weighing 60 kilos.
From a statement by the National Federation of Coffee Growers in Colombia:
The General Manager of the FNC celebrated production levels and coffee prices and invited coffee growers to take advantage of them to plan for the future.He also recalled that current price levels are offsetting losses in the first half of the year. In the last twelve months Colombia coffee exports amounted to 12.39 million bags.
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...
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
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