This year, exports of gourmet, organic and sustainable coffee, among other types, have declined compared to last year.
In addition to these, the elimination of incentives for exporting the grain has also had a distinct effect on sales, which went from 45% to represent only 26% of total coffee exports.
Despite the reduction in export volume, foreign exchange generated showed an increase explained by the high prices being paid for the grain worldwide.
An article in Laprensagrafica.com states: "In the case of commercial coffee, last year $82.8 million was paid for 588.804 quintals, while this year $273.6 million was paid for 1.41 million quintals.
Taking into account all grades of grain, this year El Salvador has sold $435 million worth (for 2.15 million quintals), versus $191.5 million in the 2009/10 coffee cycle (1.29 million quintals)."
Source: laprensagrafica.com
More on this topic
July 2011
In June 2011 another drop in coffee prices was observed, especially in the Arabic variety, following on from a decline in May.
The reduction in the price of Robusta was somewhat less marked than in Arabica, which has lessened the difference between these two types of coffee.
February 2012
Grain producers in El Salvador warn that the harvest will be 1.1 million quintals less this year due to a range of negative factors.
Coffee entrepreneurs in El Salvador fear that in 2012, losses from a possible reduction of the crop will reach $200 million. Negative factors such as the effect of the weather, aging of the plantations and the bi-annuality of coffee are contributing to the situation.
March 2012
In the past 5 months, Salvadoran farmers produced 288,000 quintals less compared to the same period in the previous cycle.
Salvadoran coffee exports have fallen by 34.8% during this harvest (October 2011 to September 2012), while the profits from the sale of the grain are down $19 million, reported Laprensagrafica.com.
June 2011
In the first seven months of the current 2010/11 crop, foreign coffee sales have increased by 59%.
High international prices and an increased harvest volume have enabled the country to increase the value of their sales to the rest of the world, which amounted to $273.6 million between October 2010 and April this year.
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