From July 27th to 30th, the XXIV International Tasting The Best of Panama will take place virtually, in which 45 producers registered a total of 161 specialty coffee lots.
Laestrella.com.pa reviews that "... The Specialty Coffee Association of Panama (SCAP) has completed the registration process and as of June 15 will receive 24,150 pounds of the world's most coveted coffee, which has been carefully selected by producers.
In Guatemala the union of producers has stated that a reduction in international prices is affecting the sector, which is already facing difficulties in covering production costs.
The National Coffee Association attributes the problem to international consortia, which may be exerting further downward pressure on grain prices.They warn that this situation will have a strong impact on the national economy, because with current prices, producers are not even able to cover their costs.
Due to the climatic conditions predicted for the months of July and August, an increase is expected in the presence of the disease in coffee plantations in Costa Rica.
During July there is a typical decrease in rainfall known as "la canícula", a period in which Rust progresses slowly and the emergence of new lesions is less.However, at the same time there is a greater presence of spores in the lesiones favored by the warmer temperature and by weaker and less frequent rains.This situation will promote a largeincrease in the disease in the majority of the Costa Rican coffee plantations when more abundant rains return starting in August, reported the Coffee Institute of Costa Rica (Icafé).
The prices of the three groups of the Arabica variety fell in April, but the highest month-on-month reduction was recorded in the price of natural coffees in Brazil.
In April 2018, theICO composite indicator decreased by 0.4%to an average of 112.56 US cents/lb, with the daily price ranging between 110.49 US cents/lb and 114.73 US cents/lb.Prices for all three Arabica groups fell in April 2018, though the largest month-on-month decrease occurred for Brazilian Naturals, which fell by 0.9% to 118.76 US cents/lb.
After a slight increase in the first month of 2018, in February international prices fell by 1%, due to the negative behavior of three groups of the Arabica variety.
From the monthly report by the International Coffee Organization:
After a slight rise in January following a three-month decline, the monthly average of the ICO composite indicator fell by 1.2% in February 2018 to 114.19 US cents/lb.
In the first nine months of 2017, countries in the region exported $2.795 million worth of coffee, 29% more than was sold during the same period in 2016.
Figures from the information system on the the Coffee market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with the graph"]
After reaching its lowest level in 22 months in December 2017, the monthly average of the ICO composite indicator price increased by 1.4%.
From the monthly report by the International Coffee Organization:
Coffee market recovers slightly from December slump
After reaching its lowest level in 22 months in December 2017, the monthly average of the ICO composite indicator price increased by 1.4% to 115.60 US cents/lb in January 2018.
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%.
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 last five years, the average price of coffee exported by countries in the region fell by 33%, going from $226 to $151.
Figures from the information system on thethe Coffee market in Central America, compiled by the Business Intelligence Unit atCentralAmericaData: [GRAFICA caption = "Click to interact with the graph"]
The ICO composite indicator price rose above 130 US cents/lb for the first time since April as reports emerged from Brazil about lower yields and quality issues related to the 2017/18 crop.
From the monthly report by the International Coffee Organization (ICO):
The ICO composite indicator price rose above 130 US cents/lb for the first time since April as reports emerged from Brazil about lower yields and quality issues related to the 2017/18 crop. Coffee exports have stabilized in the last two months but cumulative exports remain well above the levels reached in the previous year and leave consumer stocks well supplied. The production estimate for 2016/17 has been revised up to 153.9 million bags, which constitutes an all‐time record. The output of Arabica and Robusta is estimated to be 10.2% higher and 10.6% lower compared to coffee year 2015/16, respectively.
Production in April amounted to 834 thousand bags of 60 kilos, 20% less than production in the same month in the previous harvest, when 1.04 million bags were recorded.
Larepublica.co reports that"...The reason for the fall in production last month, according to the National Coffee Growers Federation (FNC), could be a delay in the blooms responsible for the harvest in the first half of the year.On the other hand, production for the current year was 4.4 million bags an increase of 4.8% compared to production in the same period in 2016."
In March the growth in inventories in most varieties reinforces the fact that the market lacks any clear signals of a reverse in the current downward trend.
From the monthly report by the International Coffee Organization (ICO):
In March, the ICO composite indicator price fell slightly. While Robustas remained broadly stable, Arabica prices were under pressure.
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