Speculation Delays Coffee Sales in Guatemala

According Anacafé, international grain buyers are delaying their purchases, waiting for prices to fall.

Thursday, November 11, 2010

The international price of coffee is at record levels above $ 210 per bag. Directors of the National Coffee Association (Anacafe) explained that international buyers are expecting prices to fall and added that producers are finding it difficult to sell the product at these prices in the global market.

They also commented that production is balanced in exporting countries, there is no shortage justifying the high price, so that categorizes the prices as "abnormal" and the result of "speculation."

Representatives of the Federation of Coffee Cooperatives of Guatemala, estimated that of the domestic production, only "30 percent of the low altitude grain has been sold, mainly due to this factor," reported prensalibre.com.

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