Nicaragua: Coffee Exports Down 9%

In the first ten months of the current crop foreign exchange revenues totaled $374.7 million, $37.2 million less than in the same period in the last harvest.

Monday, August 20, 2012

The decline in foreign exchange earnings has been caused in part by the decline in export volumes (1.71 million quintals from October to July this year versus 1.83 million quintals in the same period last year) coupled with a slight decline in the average price per quintal. The average sales price was $218.1, $ 7.5 less compared to the same period of the previous crop, $225.6.

"The president of the Coffee Exporters Association of Nicaragua (Excan), José Ángel Buitrago, acknowledged that the coffee sector experiencing moments of concern and tension that also harvest for the 2012-2013 cycle might not be "as good" in terms of both currency generation and volume of production", reports laprensa.com.ni



More on this topic

Nicaragua Begins to Sell Robusta Coffee

July 2019

For the 2018-2019 harvest, the country began to export coffee of the Robusta variety, and according to the producers for the next agricultural cycles they plan to increase their cultivable area.

According to figures from the Center for Export Procedures (Cetrex) between October 2018 and May 2019, the country sold abroad about 50,000 quintals of the Robusta variety, being the first time that the species of the grain is reported in official export figures.

New Markets for Nicaraguan Coffee

July 2017

Malaysia, India, the Dominican Republic, Israel, Georgia and Syria are the six countries that for the first time imported Nicaraguan coffee during the 2016/17 harvest.

At a value of almost $10 million, Nicaragua exported 65,000 hundredweight of coffee to these six countries during the 2016/17 harvest. Although only small amounts were sold in each of these markets, the grain exporters' association believes that the opening of new destinations for Nicaraguan coffee is positive.

Drop in Coffee Prices Sharpens

October 2013

The abundant harvests in Brazil and Colombia have pushed down the price of the grain, which could reach less than $100 a quintal.

"This puts Nicaraguan coffee in a difficult position as it has long been the main export product of Nicaragua ..." reported Laprensa.com.ni.

Central America Loses 3.7 million Quintals of Coffee

January 2013

Losses caused by the rust disease in Honduras amount to 1.8 million bags, 650,000 quintals in Guatemala, 600,000 in Nicaragua, 400,000 in El Salvador, 200,000 in Costa Rica and 60,000 in Panama.

Those are the estimates of the Central American Organization of Coffee Exporters (ORCECA), who was unwilling to speculate on how much income the region would not receive because of declining exports.

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