Nicaragua coffee exports heating up

September 12, 2008

Nicaraguan coffee exports shot up 48.9 percent in the first 10 months of the 2007-08 harvest compared with the year before, according to the Export Processing Center (CETREX).

The center reports coffee exports reached $228 million during the latest harvest, while last year´s crop sold little more than $153 million.

Higher prices are helping to drive the increase, CETREX´s latest report says. A quintal (a 100-pound sack) of coffee sold for an average of $137.60, compared with $117.70 during the 2006-07 harvest.

Part of the hike has come thanks to speculative buying by commodity investors, Henry Dunlop of New York-based Atlantic USA Inc. told The Nica Times.

But larger quantities are pushing up export dollars too. While last year saw 1.3 million quintals shipped off, this year Nicaragua exported 1.65 million quintals.

The country estimates pulling in $250 million for Nicaraguan coffee beans by the end of the harvest.

You may be interested

Looking back at Hurricane Maria: the initial impact
Weather
575 views
Weather
575 views

Looking back at Hurricane Maria: the initial impact

John McPhaul - December 12, 2017

As Costa Rica joins many other nations in looking back upon the devastating 2017 hurricane season, longtime Tico Times contributor…

Cold front claims fourth victim in Costa Rica
Weather
2690 views
Weather
2690 views

Cold front claims fourth victim in Costa Rica

Katherine Stanley - December 12, 2017

High winds claimed the life of a fourth victim in Costa Rica as the cold front that has been moving…

With Keylor Navas battling injuries, Real Madrid eyes January swoop for Bilbao goalie
Keylor Navas
746 views
Keylor Navas
746 views

With Keylor Navas battling injuries, Real Madrid eyes January swoop for Bilbao goalie

AFP - December 11, 2017

Real Madrid's first foray into the January transfer market will be to snap up Athletic Bilbao's promising goalkeeper Kepa Arrizabalaga,…