In Guatemala, for the 2018-2019 harvest, the production of green coffee is projected to reach 4.5 million quintals, which would exceed the 4.4 million quintals reported in the previous season.
According to Ricardo Arenas, president of the National Coffee Association (Anacafe), "... The 2018-2019 coffee harvest, which started last month, will stand at 4.5 million quintals of green coffee; of that figure, it is estimated that 3.5 million will be exported."
The Ministry of Finance has confirmed the transfer of another $3.4 million for the trust fund for Guatemalan coffee growers.
Jorge Oliveros, coordinator of the project area at the National Coffee Association (Anacafé), confirmed that "... they received the transfer for Q25 million ($3.4 million) for the coffee trust, which increased the availability of the balance in favor of producers."
Grain exporters are organizing for the end of this year an exploratory mission to Chile to find out about the characteristics of demand and coffee consumption in the South American country.
The main purpose of this visit to Chile is to find out the characteristics of the market and identify possible business opportunities, as explained by representatives of the Guatemalan Association of Exporters (AGEXPORT), the organizer of the mission.
Of the major producers in the region, Nicaragua was the most affected, having exported 64% less in the first four months of the harvest.
Except for Brazil coffee exports from nine countries in Latin America fell by 8% during the first four months of the harvest which began in October compared with the same period of the previous cycle. Nicaragua was the most affected with a fall of 64 % in sales of the grain.
The international price of the grain was quoted at $172.60 per quintal in New York Stock Exchange.
On Wednesday, the price of coffee rose again, resulting in an increase of $52.6 in just 19 days.
Miguel Pon, CEO of the Honduran Association of Coffee Exporters explained: "Even though there as rainfall in the coffee areas this weekend (in Brazil), a new forecast of a reduced amount of precipitation in the next few weeks encouraged speculative buying as evidenced by participation of funds. " '
At the moment Guatemala has no funds available to implement the increase of $100 million in the Coffee Trust approved by Congress.
This was announced by Finance Chief Pavel Centeno. He explained that the trust " ... will be used specifically to the change plantations impacted by rust and not be given to those who were late making the payments already requested ", reported Prensalibre.com.
In the first electronic auction of the Cup of Excellence 2013 organized by the National Coffee Association, the farm El Injerto obtained the highest price of $45.10 per pound.
This is the second year that El Injerto won first place in the auction, last year it managed to get a price of $22.60 per pound.
The lot sold by the farm El Morito took second place with a price of $32.10, and third place went to Coffee from the farm El Socorro y Anexos with $26.50 per pound.
Four contracts for coffee deliveries for this harvest have been signed between Taiwanese companies and coffee producers from Guatemala.
The deals were made during part of a trade mission comprised of nine Taiwanese companies in the coffee sector, interested in opportunities in the coffee business, and strategic alliances for the purpose of jointly exploring the Asian market.
$300 million will be required for pest control alone, and more than $1 billion to renovate the plantations that have been affected.
The figures which have been gathered unofficially indicated that in excess of 1.7 million quintals of coffee have been destroyed by the fungus known as rust in Honduras, Nicaragua and El Salvador.
The president of the Coffee Exporters Association of Honduras (Adecafeh), Omar Acosta says that the loss in Honduras could reach two million quintals, "The Ihcafé says that no damage has been done, butwe do not understand why they are lying. They should have a plan for the country because it is a serious problem, we all know that there is a strong impact from rust and we believe there is a damage of between 25% and 30% of the crop, which amounts to two million quintals. "
The term of the trust, which expires in 2015 – will have to be extended so that the $37 million that is available can be loaned to producers for the renovation of coffee plantations.
S21.com.gt reports that "Because of the crisis faced by the sector in the country's coffee production in 2001-2002, the government at that time created a trust fund of $100 million, which was to be administered by the central bank, and would serve to provide credit to farmers to boost their crops. Regarding this, the National Coffee Association (Anacafe) believes that reviving the trust and extending its expiration date could save the sector. "
Exports by the group coffee of nine countries in Latin America grew by 18.45% in the month of October compared to the same month in 2011.
According to the National Coffee Association of Guatemala (Anacafe) of the nine countries, El Salvador, Mexico, Colombia, Costa Rica, Guatemala, Peru, Honduras, the Dominican Republic and El Salvador, two of them reported a fall, Colombia with 15.20% and Costa Rica with 17%.
The Internet auction of the best lots of coffee in Guatemala will take place on July 12th. Growers have until March 30th to submit samples.
The National Coffee Association (Anacafe) has started receiving samples of the best beans from Guatemala to participate in the online auction ‘The Cup of Excellence 2012’, to be held on 12th July, reported Elperiodico.com.gt.
The price of a quintal has fallen below $200 due to a Brazilian "superharvest", with industry leaders recommending caution.
On Tuesday March 6th a quintal of coffee traded at $192.95 on the New York Stock Exchange, down 4.24%, lower again than at the beginning of the week when it was recorded at $201.5.
A report by the National Coffee Association (Anacafe) of Guatemala said, "This fall began in London, due to liquidation by speculators and domestic sales."
The price of the grain fell 30% in the last twenty days, affected by uncertainty in global securities markets.
This time it is not bad weather or speculative buying in markets that is affecting the international price of grain, which has shown a significant reduction in recent days.
The debt crisis that exists in Europe, coupled with doubts about the U.S.
The Trust for financial support for the coffee sector has made $38 million available for financing the sector.
The coffee price crisis of 2002, which affected small producers, was the reason for the creation of the trust, which has since provided funds to farmers for different situations that the industry has faced.
The trusts resources, administered by the Rural Development Bank, have already been used this year by more than 6000 users, both for crop diversification, agro-industrialization, commercialization and for debt restructuring.