Although the union says that the way to revive the sector is by renewing coffee plantations, there is still a lack of the financial resources to do so.
The proposal to renew the country's coffee plantations has been a topic of discussion in the industry in recent years, but lack of funding, not only for the process but for refinancing the debts that many coffee growers have already incurred due to the rust crisis, has impeded progress in the renewals.
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.
Local coffee shops are aiming to differentiate themselves through service and the quality of their coffee in a market where the number of establishments operating in the country has almost doubled in just five years.
Growth in Nicaraguan's purchasing power and the increasing sophistication of coffeeconsumption are some of the reasons behind the increase in the number of coffee shops in the country, which are located mainly in and around Managua.Figures from the Tourism Institute show that the number of registered establishments rose from 247 in 2010 to 461 in 2015.
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.
The upward trend that had been seen in prices suffered a significant reversal in November, due to better weather prospects in Brazil and Vietnam and a depreciation in the Brazilian real.
The recent rally in coffee prices underwent a notable reversal in November 2016, attributed to improved weather prospects in Brazil and Vietnam and a concurrent depreciation in the Brazilian real. This has reduced concerns over future supply, although the market has been in deficit for the last couple of years and prospects for Robusta production are still less than optimal. Nevertheless, current availability of coffee remains sufficient, with total exports of 112.4 million bags over the last 12 months.
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 sustainable community in beautiful Costa Rica with nice weather year around and temperatures in the 70s and 80s. The farm is on the western slopes of Costa Rica in a rich coffee growing area just 30 minutes from the city of San Ramon and one hour from the airport and beaches.
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