The bank approved $56 million for coffee planting in El Salvador between January and November 2011, 29.8% more than the same period in 2010 ($43.24 million), revealed the Superintendency of the Financial System (SSF).
"This implies that farmers received $12.92 million more to finance their activities," estimated the SSF according to an article on ElMundo.com.sv.
Improved grain prices in global markets favored loan approvals, as this phenomenon was deemed to be a payment guarantee.
"According to the Salvadoran Coffee Council (CSC), the average price reached $202.70 per quintal in the year 2010/2011, compared to $147.36 recorded in the previous cycle. Moreover, in the first three months of the 2011/2012 harvest, the average price reached $238.93, versus the $170.62 reported for the same period In the previous cycle", explained the article on ElMundo.com.sv.
Source: elmundo.com.sv
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June 2011
The rise of grain prices internationally is an incentive for investment in the sector.
In just four months, financing in the country’s coffee sector has grown by over 150% compared to the same period in 2010.
One of the main reasons seems to be the excellent performance of the grain abroad. Due to high prices and the high demand in the market, producers are being seen as more credit worthy.
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.
October 2011
Coffee exports for the 2010-11 cycle produced revenues of $458.2 million, 139.9% higher than that generated in the previous cycle.
According to preliminary data from the Salvadoran Coffee Council (CSC), 2,260,428 quintals (bags of 46 kilos) of coffee were exported, which is 74% higher than the 1, 299,243 in the last cycle.
October 2010
The 2010/11 crop has already sold 824.000 bushels at an average price of $ 165.45.
41.20% of the crop has been sold at very good prices, although below this year´s maximum price of $200.50 at the NYSE.
The president of the Salvadoran Coffee Council (CSC), Ana Elena Escalante told Elsalvador.com, "...
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