Coffee: Sales to Malaysia and China Improve

Guatemalan producers reported that for the 2018-2019 harvest, exports to these Asian markets gained importance, as Malaysia was sold 103,000 quintals of green coffee and 80,000 to China.

Tuesday, December 10, 2019

Figures from the National Coffee Association (Anacafe), specify that for the 2018-2019 agricultural cycle the export of coffee was 4.6 million quintals gold and generated a foreign exchange income of $663 million.

You may be interested in "Coffee: Regional Sales up to March 2019"

Regarding emerging markets in Asia, Luisa Fernanda Correa, executive director of Anacafe, told that "... In Malaysia there was an important investment by an international company that demanded more product where manufacturing and transformation is done. While in China there is greater demand because of the growth of the middle class, the opening of coffee shops and what is produced there does not cover the market."

Sergio Aycinena, vice president of Anacafe, explained that Malaysia and China "... They are actors who were not previously and the idea for the next harvest is to work it, for the growth of purchases observed."

According to reports from CentralAmericaData, in the first quarter of 2019 the main coffee exporter in Central America was Honduras, with $323 million, followed by Guatemala, with $185 million, Nicaragua, with $130 million, Costa Rica with $75 million, El Salvador, with $32 million and Panama with $2 million.

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