El Salvador: 84% of Coffee Harvest Sold

At an average price of $ 188.71 per quintal, farmers have placed 84% of export crop for the year 2010-2011.

Monday, February 14, 2011

According to the Salvadoran Coffee Council (CSC), 1.65 million quintals have already been sold.

"In the market, the price per quintal has been quoted around $ 250 in recent weeks, however, part of current crop was negotiated when the quintal was about $ 150 in late 2009," informed the article in Laprensagrafica.com.

Good coffee prices are offset by the rise in fertilizer, which in some cases have seen increases of 25%.



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El Salvador Expects Good 2010-11 Coffee Harvest

January 2011

Producers estimate a 60% increase for the 2010-2011 harvest, reaching 2.4 million quintals.

Antonio Alvarado, president of the Salvadoran Foundation for Coffee Research (Procafé), stated that the growth is partly driven by good international prices.

"By the middle of last year, international coffee prices reached levels not seen in 13 years.

El Salvador Sold Half of its Coffee Harvest

February 2010

Up to date, the country has secured the sale of 795.000 quintals of coffee from the 2009/10 harvest, netting $116,5 million.

From these, 304.000 quintals have already been shipped at a $39/quintal price, according to data from the Salvadoran Coffee Council (CSC).

“Tomás Bonilla, head of the exports department at CSC, explained that this harvest has been better than the previous one.

Coffee Exports Affected by Delays in Harvest

December 2009

November 2009 exports where 55.6% less than the same period of 2008.

In November 2009, the country sold 13.960 coffee quintals, a sharp drop when compared to same period of 2008, when 31.457 were sold, according data from the Salvadoran Coffee Council (CSC).

"15.7% of the coffee exported in October-November 2009 corresponds to specialty coffees, while the remaining 84.3% is commercial and inferior coffees", reports Laprensagrafica.com.

Production of Salvador coffee could drop by 3.7%

October 2008

The Salvadoran Coffee Council (CSC) expects a slight drop in the coffee harvest for this year.

Ricardo Espitia, director of the institution, is predicting a harvest of 2 million quintals, which would mean a decrease of 3.7%.
Up to now, they have sold 25% of the harvest (some 465,000 quintals) in the futures market at an average price of 144 dollars.

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