The 2017/18 crop could surpass the results of the previous cycle by 14%, thanks to favorable weather conditions and a year of high harvest cycle in the Los Santos area.
From the Coffee Institute of Costa Rica:
December 13, 2017.According to data provided by the Coffee Institute of Costa Rica, ICAFE, harvest of the grain in the period 2017/2018, which is still being harvested, could increase by 14.3% with respect to the previous harvest; from which it is expected that about 2,103,656 (two million one hundred three thousand six hundred and fifty six) bushels will be collected.
The new variety of Catiguá MG2 coffee that was released in Costa Rica after several pieces of analysis were carried out, is up to 60% higher in productivity compared to the Catuaí variety.
From a statement issued by the Costa Rican Coffee Institute:
In an investigation that began seven years ago at the experimental farm in Barva de Heredia, the Genetic Improvement Program of the Coffee Institute of Costa Rica, ICAFE, managed to determine the excellent quality of the final product, high resistance to rust and the high productive potential of the Catiguá MG2 variety, one of the eighteen varieties that the Institute has for study and comparison.
The union of producers claims that imports of the grain have grown to the point of currently representing 24% of national production.
The Salvadoran Coffee Association (Acafesal) presented a proposal to the Ministry of Agriculture requesting that more regulation be applied to imported coffee. The president of the association, Omar Flores, explained to Elsalvador.com that what they are looking for is that "...El Salvador have import regulation measures that protect coffee growers, the coffee sector, because the amount of imported coffee is very high."
The first thing that the new organization made up of producers and exporters will do is determine the factors that affect the productivity of Nicaraguan coffee.
The National Platform for Sustainability of Coffee (Nicafes), made up of 33 private sector organizations, among them producers, suppliers and exporters, has the objective of making up for the absence of a leading institution in the sector, which defines and coordinates policies for the development of coffee activities.
In October the composite indicator of the International Coffee Organization continued its downward trend, averaging 120.01 cents per pound, the lowest level since May 2016.
From a statement issued by the International Coffee Organization:
Record Exports for Coffee Year 2016/17
Total exports in September 2017 reached 8.34 million bags, compared to 9.8 million in September 2016.
The "Cup of Excellence" competition will take place starting from March 2, 2018, with the presentation of coffee samples, and the online auction will be held on June 5th of the same year.
To participate in the contest, coffee growers must present their coffee samples between March 2nd and 4th, 2018, for them to be evaluated by a national jury between April 3rd and 7th, and by an international jury between the 10th and 13th of the same month.
In the 2016/2017 harvest, almost three million hundredweight were exported, 20% more than in the previous cycle, and a 22% increase was achieved in the export value.
The slow but progressive recovery that coffee plantations have had since they were affected by the rust plague between 2012 and 2013 explains, together with favorable international prices, the good results achieved in exports of the grain in the harvest that has just ended.
In September international prices continued the downward trend that began in late August, and for the third consecutive year the 2016/17 coffee cycle closed with a deficit.
From a report by the International Coffee Organization:
The ICO composite indicator continued its downward trend that started at the end of August, averaging 124.46 US cents/lb.
Climatic conditions in the first half of the year have raised the likelihood of an increase in the presence of the pest in some of the grain producing regions.
The technical department of the National Coffee Association (Anacafé) has stated that the average incidence is 11%, but in some areas in the regions 1, 2, 4 and 7, the incidence is above 20%.
The European country is a mature market in the production, marketing and consumption of coffee, and despite its developed roasting industry, it is a major importer of roasted coffee.
From the market study "Roasted coffee in Germany" by Procomer:
The traditional commercial dynamic of coffee in Europe is to import fresh produce from Latin America and roast it in the markets with a developed roasting industry such as Holland, Italy, and Germany, among others.For this reason Latin American roasted coffee has a minimal share, representing in Germany for example, 0.1% of their imports.
The coffee sector plans to close the current cycle with 12 million hundredweight of grain, which would represent an increase of 2.7 million hundredweight compared to the previous harvest.
The president of the Honduran Coffee Institute, Asterio Reyes, told Elheraldo.hn that "... If today we had an increase of 2.7 million hundredweight over the previous one and the idea is to surpass it, then what we could achieve minimally is 12 million."
Exports in the first eleven months of the 2016/17 harvest totaled $17.6 million, 53% more than anything sold to the Asian country in the 2015/16 cycle.
One of the main benefits of exporting grain to Japan is that the average price paid for coffee is higher than the amount paid in other markets.According to figures from the Center for Exports, "...
In August, the international coffee price index recorded the highest value in the last four months, but rapidly declined again, in light of the high inventory reported by importing countries.
From the report "Monthly Coffee Market Report - August 2017":
Coffee prices climb to a 4‐month high but subsequently fall in view of a well‐supplied market
A study by the Smithsonian Institute predicts that by 2050 the areas suitable for coffee cultivation in Latin America will have been reduced by 73-88%.
From a report by the Smithsonian Institute:
Areas in Latin America suitable for growing coffee face predicted declines of 73-88 percent by 2050. However, diversity in bee species may save the day, even if many species in cool highland regions are lost as the climate warms.
In the first ten months of the 2016/17 harvest, coffee sales abroad totaled $423 million, 22% more than in the same period of the previous harvest.
The Center for Exports (Cetrex) also reported an 18% increase in volume in the period in question.As for the value exported between October last year and July of this year, the reported figure was $423 million, 21.6% more than in the same period of the 2015/16 cycle, when $348 million was exported.