Coffee year 2015/16 ended with a global production of 148 million bags and a total consumption of 151 million bags.
From a report by the International Coffee Organization (ICO):
The coffee market settled up by 5.5% in September, mostly driven by a steady increase in Robusta prices supported by concerns over future supply. This brings coffee year 2015/16 to an end, and we have revised our production estimate up to 148 million bags. With world consumption revised slightly lower to 151.3 million bags, this gives a global deficit of 3.3 million bags. This revision is part of an in-depth review of the statistical data published by the ICO, following the discussions during the 117th Session of the Council held in London in September 2016. This process is beginning immediately and results will be published as they become available.
Added to the factors already deteriorating competitiveness in the export sector are increased thefts of merchandise on the country's roads and infiltration of drug trafficking in exports.
The National Chamber of Cargo Carriers (Canatrac) reports that attacks on trucks on roads in the country have increased since 2012.They state "... on average 12 assaults used to be committed per year, however the figure has risen to 20 in recent years'."
The 123 products for which there were no offers in the recent tender, will be purchased abroad through international organizations.
Due to the low participation of bidders (9 out of 32 companies who purchased the bidding rules), only 197 products out of a total of 320 could be offered in a tender issued last week. Therefore the 123 products that were left out will not be awarded, but instead acquired through international mechanisms, said Fuad Hasbum, president of the National Association of Drugstores.
"The IDB has been a strong ally of Panama for almost 50 years," said the president of the bank, Luis Alberto Moreno, in a release. "We are proud of being able to support this key investment in the future of Panama's biggest asset, especially at time of uncertainty in international financial markets," Moreno added.
In order help keep the chain stores operating, the Office of Foreign Assets Control has authorized the breakdown of links to the ownership and control of Wisa Group.
The aim of these measures is to "protect the workforce", at Felix B. Maduro, Importadora Maduro, S.A. and MaduroInternational, S.A. Grupo Wisa, which can now start a process to disassociate themselves from Wisa, Abdul Waked and Mohamed Abdo Waked.
Changes in the consumption patterns of Central Americans are opening up growing market opportunities in the health insurance sector.
In an interview conducted by Joel Maldonado with the regional business director of the insurance company Bupa, Felix Fernandez, the official announced that the strategy in the Guatemalan market is to offer affordable products to the upper middle class while maintaining excellence in the international section.
The commerce program of the IFC supports Atlántida Bank in the expansion of its access to a world trade network.
The International Finance Corporation (IFC), a member of the World Bank Group, announced today that Atlántida Bank of Honduras has joined the Global Program for trade financing of the IFC, which will help the bank to access a world trade network and strengthen its support to SMEs that are dedicated to the import or export of goods in the country.
A draft Law on Trade Defence establishes mechanisms to protect and defend the industry against unfair trade practices.
The bill, prepared jointly by the private sector and the government, will be presented on Tuesday, Oct. 13 at the Legislative Assembly. The aim of the law is to regulate actions such as massive imports in some sectors that could result in unfair practices.
IFC granted a $20 million loan to Banco Improsa, and auhtorized its incorporation to the Global Trade Finance Program.
IFC, a member of the World Bank Group, will provide a $20 million long-term financing to Banco Improsa in Costa Rica, to expand access to finance for local small and medium enterprises and $5 million in guarantees to expand bank’s capacity to provide trade finance.
The country has made an agreement with the BCIE for a 75 day extension to the loan which expired on 25 August and has not yet been approved by congress.
The credit was designed to support the ministries of Health and Education, to be implemented in this year, 2011.
The Finance Minister, Alfredo Rolando Del Cid Pinillos, said: "We managed to extend the BCIE funds for two and a half more months. It was a successful negotiation. If in that time congress has not given approval, the funds will be frozen."
The export sector is optimistic about an increase in foreign sales but is calling for greater support from the government.
The president of the Exporters Corporation of El Salvador, Coexport, César Bolaños, believes that the increase in exports could be higher if they had more support from the Government. Contrarily he considers the actions taken by the government have affected the sector's competitiveness internationally.
The list of reasons for this serious absence begins with the culture of salaried employees, which is instilled at home and in educational institutions.
In Latin America, the general idea is that the success of a young person is his/her school grades, then how soon he/she graduates from the university and, ultimately, how fast he/she gets a good job. It is not customary for personal goals transmitted through family values to be related to being an entrepreneur.
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