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."
While agricultural companies in Guatemala insist on signing the agreement so as not to lose out to their competitors in the region, industrialists propose to renegote the agreement from scratch.
Each sector's position is very clear.The industrialists say that if the agreement is signed under the current conditions, some subsectors will be affected, and for that reason they want, if there is openness on the part of the Korean government, to go back to the negotiating table.
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.
In the Cup of Excellence auction the average price paid for the 24 lots of specialty coffee on offer was $9.17, while the maximum price was $25.80 per pound.
As in the 2014 auction, first place was obtained by the farm El Injerto, from the department of Huehuetenango. For the lot from this farm an international buyer paid $35.80 a pound.
Miguel Medina, president of the National Coffee Association (Anacafe) told Elperiodico.com.gt that "...
Asian companies bought 16 pounds of gourmet coffee from a farm in El Progreso during the International Cup of Excellence auction.
The batch of coffee which achieved the highest price paid since the international Cup of Excellence auction began comes from the farm Kalibus de Sierra in San Cristobal Acasaguastlán, El Progreso.
"... the companies GSC International from Korea and Shanghai Borong International Trading from China joined forces to buy the lot from the estate. These companies also bought coffee from the farm El Injerto 1 in Huehuetenango for U.S. $20.30 per pound. "
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. " '
Central American coffee exports were significantly reduced in the first quarter of the current harvest compared to the previous harvest.
Coffee shipments outside of Central American in the first two months of the current harvest decreased significantly compared to the previous crop, affected by the impact of the rust fungus in plantations.
"The National Coffee Association of Guatemala (Anacafé), the regional authority in the coffee category, reported that Honduran coffee shipments fell by 43%, just behind Nicaragua, which suffered the most pronounced reduction with 79.5%.
Low prices of the main products sold abroad caused the country's foreign exchange earnings from exports to grow by only 0.2% in September.
Data from the Bank of Guatemala shows that the value of exports was down 17%, but the volume of exports rose by 22.5%. "The value of products in foreign markets represented, from January to September, an income of U.S.
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.
The Ministry of Agriculture has announced the purchase of fungicides to be delivered to 60,000 Guatemalan coffee growers, in order to combat rust.
The Ministry of Agriculture, Livestock and Food in Guatemala (MAGA), will hold a competition for the acquisition of fungicides, with which it hopes to benefit some 60,000 coffee producers, out of the 90,000 that there are in the country, said Elmer Lopez representative from the Ministry.
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.
In the last four months fine coffee exports increased by 8.8% compared to the same period last year.
According to an article in Siglo21.com.gt, Guatemalan coffee producers exported a total of 676,168 sacks of grain weighting 60 kilos each between October 2012 and January 2013.
Data from the National Coffee Association (Anacafe) revealed that this figure is higher by 8.8% compared to the number of sacks reported during the previous season, when producers exported 625,590 bags.
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