Drop in Coffee Prices Sharpens

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

Wednesday, October 30, 2013

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

According to the specialist in international markets at Invercasa Puesto de Bolsa, Raul Amador, the downward trend in prices will continue, because until a few days ago the average price per quintal of coffee was $109.10.

That trend "... is due to the existing overproduction in Brazil, globally this year saw a record crop of 145 million quintals, of which at least 55 million were in Brazil," said Amador.

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.

Coffee Exporters Reject Production Tax

October 2013

The tax promoted by the government of Nicaragua on coffee producers has also been rejected by exporters of the grain.

The bill promoted by the government to charge producers between $1 and $5 per quintal of coffee in order to finance the National Development and Transformation of Coffee Plantations will not directly affect the export sector as it is only producers who have to pay the tax, however, they believe that this is not the time to establish such fees.

Coffee Prices To Keep Falling Until 2015

January 2013

Projections by the futures markets indicate that the price of coffee will only rebound in 2015, remaining low until then.

A low growth in demand (no more than 2%) and an increase in production in Brazil (50.8 million kilograms in 2012 to 50 million projected for the 2013 harvest), has led to a fall in price from the $313 earned per quintal in May 2011.

Nicaragua: Coffee Exports Down 9%

August 2012

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.

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.

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