El Salvador's coffee auction: $2,010 per quintal

Yesterday was a day for records in El Salvador's coffee industry, especially for the 36 coffee producers who participated in the electronic auction.

Friday, June 6, 2008

Among the records set before the close of the Cup of Excellence 2008 auction: highest selling price, most buyers, most revenues for sales and the longest on-line purchase.
The coffee from the La Ilusión finca, located near the Santa Ana Volcano and owned by Ernesto Menéndez, started it off at 8:30 in the morning, an hour and 23 minutes after the start-up. The 1,000-dollars-per quintal barrier had already been broken. A quintal contains 46 kilograms of product, or just over 100 pounds.
At 11:20, a lot was sold for 1,710 dollars per quintal, breaking the record set in 2006 of 1,704 dollars.

More on this topic

Further Increases Foreseen in Coffee Prices

October 2014

The price of futures reached the highest level in the last 32 months and market analysts project that in November there will be increases of between 10% and 12% in the retail price in USA.

On October 5, the future price of Arabica coffee up to December rose by 6.9% to $2,208 on the ICE Futures market in New York, the highest increase in active contract seen since April 22.

Dota Coffee wins Cup of Excellence in Costa Rica

May 2011

The award was presented at the national level, the batch of coffee will be entered into an international electronic auction.

The Cup of Excellence electronic auction, where prices climb higher than those of the New York Stock Exchange, will be the second step for the owners of “Café de Dota” the winning brand.

Salvadoran coffee closes harvest with record earnings

October 2008

El Salvador ended the 2007-2008 coffee harvest with exports of 1.9 million quintals worth $253.3 million

These are the best figures that the country has had in the last six seasons, Ricardo Espitia, executive director of the Salvadoran Coffee Council, reported yesterday.
The sales figure for the 2007-2008 coffee harvest, which ended on September 30, is the biggest reported since the 2002-2003 harvest, when exports were 1.7 million quintals (46 kg each) or $105.5 million in earnings.

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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