Another Plan to Reactivate the Coffee Sector

The Guatemalan union of the sector announced that the reactivation plan they are preparing is based on the renovation of coffee plantations within a period of five years.

Friday, February 16, 2018

The National Coffee Association (Anacafé), is working in conjunction with the ministries of Public Finance, Agriculture, Livestock and Food and the Inter-American Development Bank, on a plan for economic reactivation of the sector, which could be ready in the coming weeks. 

See: "Guatemalan Coffee Betting on Emerging Markets"

The president of Anacafé, Ricardo Arenas, told that " ... the proposal will be ready in six weeks, but he revealed that one of the objectives will be to manage credit lines with the bank, for US $100 million (Q735 million) in 2018."

See also: "El Salvador: $80 million to Renovate Coffee Plantations"

In relation to the global amount needed for the expansion of coffee plantations, Arenas explained that "... the total investment to expand coffee plantations and renew 50 percent of the plantations is US $1.4 billion (Q10.2 billion)."

More on this topic

Negative Expectations for Honduran Coffee

June 2018

The sector union foresees that for the 2017-2018 harvest foreign currency generated from sales abroad will fall by 14% with respect to the previous season.

Explained by a drop in the average price per hundredweight of exports, which fell from $145 in the 2016-2017 season to $123 so far in the current harvest, the Honduran Coffee Institute (Ihcafé) envisages a 14% decrease in income from sales abroad.

Coffee: Global Prices as of June 2017

July 2017

In June Arabica prices fell and then recovered, while robusta prices closed the month at higher levels.

From the Coffee Market Report June 2017, by the International Coffee Organization:

The coffee market was volatile with Arabica prices tumbling and subsequently recovering to previous levels while Robusta closed higher.

Guatemala: Renovation of Coffee Plantations

September 2016

With trust funds planned for this year still not liberated, the union is negotiating with entities such as the CABEI and the IDB to obtain new sources of funding.

The National Coffee Association (Anacafe) estimated at $955 million the amount needed to renew 60% of coffee plantations, and although "it may seem very high," Alexander Keller, vice president of Anacafé, says that "... by carrying out this replanting with more resistant varieties we could double the export volume and foreign exchange earnings. "

Nicaragua: Financial Sector Specializing in Coffee

March 2014

With a loan of $10 million from the World Bank. Grupo Mercon will provide technical assistance and grant funding to coffee producers.

CISA Exportadora del Grupo Mercon and Corporación Financiera Internacional, a member of the World Bank signed a loan agreement for $10 million in support of coffee growing in Nicaragua.

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