Between August 2015 and July 2016, the harvest exceeded 14.1 million bags of 60 kilos, up 8% compared with the almost 13.1 million bags harvested in the same period last year.
From a statement issued by the Federation of Coffee Growers of Colombia:
Between October and June 1.5 million bags of 60 kilos were exported which is an increase of 5% compared to the same period in the previous harvest.
Figures from the Center for Exports of Nicaragua said that in June alone 250,453 bags of 60 kilos each were exported, which is 17% more that in the same month in 2015.
"Prices rallied significantly in June, as the Brazilian real strengthened against the US dollar and the 2016/17 Brazilian crop entered its potential frost season."
From a report by the International Coffee Organization:
Prices rallied significantly in June, as the Brazilian real strengthened against the US dollar and the 2016/17 Brazilian crop entered its potential frost season.
Central America's main competitor has started to feel the effects of the weather phenomenon, bringing down the number of bags of coffee produced in June 2016 compared to the same month in 2015 by 7%.
From a statement by the National Federation of Coffee Growers in Colombia:
More than two years after the adoption of the law to transform coffee production in Nicaragua, producers claim that bureaucracy has prevented the much awaited renovations from materializing.
Alaw passed in December 2013 created the National Commission for Transformation and Development of Coffee Production (Conatradec), which was to be responsible for executing a plan for the renovation of plantations after the rust crisis in 2012, aiming to raise the sector's average performance"... from 11.1 to 20 hundredweight per acre."
A subsidiary of Mercon Group is preparing to produce more than 10 million coffee seedlings per year to meet demand from local producers.
In partnership with the Guatemalan company Pylons Antigua, the company Transplanta, belonging to the Mercon Group, began operating a nursery with 25 thousand square meters under shade in Sebaco, where it plans to produce more than 10 million coffee seedlings per year.
The government will not authorize imports of this agrochemical, in compliance with the Stockholm Treaty which prevents entry into Europe of goods that have used this product in the cultivation process.
The WHO has confirmed the absence of links between coffee consumption and various types of cancer, removing the infusion from the list of "possibly carcinogenic" drinks.
"... A review of more than 500 medical and epidemiological studies conducted by 23 scientists at the International Agency for Research on Cancer (IARC) at the World Health Organization (WHO) found no link between this drink and tumors of the breast, pancreas, prostate and 20 other cancers. However, the question of whether there is a very low risk of liver cancer and endometrial cancer remains. "
May was the fourth consecutive month in which an increase was recorded in international grain prices, but they still remain below the level reached in the same period in 2015.
From the monthly report by the International Coffee Organization:
Coffee prices settled higher for the fourth consecutive month in May, but are still below their levels of this time last year, with Robusta prices leading the charge. Exports dipped slightly in April, due to lower shipments from Brazil, but recent estimates suggest a strong recovery in Brazil’s Arabica production this year, with output of Robusta decreasing. These reduced exports indicate that stock levels in Brazil are likely minimal, so the new crop will need to fulfil both domestic consumption and export requirements over the next year.
Since the beginning of the 2015/16 harvest up until April, a 9% drop in the value of exports has been registered along with an increase of only 0.7% in volume.
The fall in international prices continues to impact the results of the coffee harvest, added to which are "... problems still faced by small and medium - sized exporters, who since March 2015 have had to make an advance payment of income tax on all of their sales, as required by the Directorate General of Revenue (DGI). "
In order to combat the effect of the borer on plantations producers have requested the government to lift the ban on the import of this chemical product.
Arguing that the impact of the coffee berry borer in coffee plantations has "...
Arabica and Robusta prices went in opposite directions this month, with Arabica prices dropping back down after March’s rally, while Robusta increased to the highest monthly average since November.
From the "Report on the coffee market in April 2016" by the International Coffee Organization:
The coffee union has stated that the advance payment of withholding tax reduces the trade margin of exporters by up to 40%.
The obligation to pay an advance withholding tax (IR) to the DGI is threatening the competitiveness of coffee growers, especially companies whose profit is on commission on sales that are placed on the international market. The complaint was made by Michael Healy, president of the Union of Agricultural Producers of Nicaragua to Trincheraonline.com.
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