The growth in export volumes and high grain prices internationally, are responsible for the increase in coffee sales in the first six months of the year compared to the same period in 2010.
This is the conclusion of a recently released report by the Superintendency of Banks in Guatemala.
The report reveals that the main destinations for Guatemalan coffee are the United States (39%), Japan (17%), Germany (10%) Belgium (8%) and Canada (7%).
An article in Prensalibre.com states, "The report also notes that up to August 31, lending to the sector amounted to $36 million, equivalent to 7.6% of bi-annual growth."
Source: prensalibre.com
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July 2011
Coffee sales abroad in the years 2011-2012 are estimated to increase by 17%.
A 17% increase in export of the harvest which begins in August and ends in October 2012, is expected by the National Coffee Association (Anacafe).
If these estimates are met it would mean that for the first time Guatemala will export the equivalent of $1,000 million worth in bags of coffee, a figure which could be achieved partly thanks to high grain prices that currently prevail internationally.
February 2011
Foreign sales for the month of January 2011 increased by 44.1% over the same period of 2010.
According to the Salvadoran Coffee Council, January amounted to 273.587 exported quintals, compared to the 189.823 quintals on January 2010.
"Germany bought 38.1% of the Salvadoran aromatic type exports for January, followed by the United States with 30.3%, Japan with 8.6% and Canada 7.5%.
January 2009
During the first quarter of the 2008-2009 coffee year, export grew 10.9% in value and 2.2% in volume, compared to the same period in the previous cycle.
Elsalvador.com reports on its website "Earnings for the same period also increased 10.9%, from 20,540,546 dollars to 22,769,117 dollars, said CSC.
October 2010
In 2009-2010 coffee exports as a whole for the nine AL producing countries fell 9.5% over the previous harvest.
The total exports from Colombia, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Mexico, Peru and Dominican Republic totaled 23.2 million 60 kilos bags.
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