English
This year, quintal step of $111.50 , the January 2, to $221.9 on October 10
MERCHANTABILITY IN ADVANCE OF PRODUCTION 2014-2015
Costa Rica takes the good level of international coffee prices, since it placed 40% of the 2014-2015 harvest (2.03 million parcels), at an average price higher than $200 per bag of 46 kilos (a quintal).
This value is high if compared to the $111.50 that opened with the negotiations, the past January 2, in the New York Mercantile Exchange.
The increase in international prices, from January 2 until last Friday, was a 98.9 % (or $ 110) in the value of the quintal. In that time, the cost in the stock market rose from $111.50 to $221.9 per bag of 46 kilos.
This upward adjustment in the international price of grain could be maintained in the next two years, since it is largely due to a fall in the supply.
The smaller stocks are presented by the impact of the drought in the brazilian crop, the world’s largest producer and exporter, explained, separately, Ronald Peters, executive director of the Institute of Costa Rica coffee (Icafe), and Guido Vargas, secretary general of the National Union of Small and Medium-sized agricultural producers (Upanacional).
Ole Hansen, an analyst at Saxo Bank, warned last Friday that the harvest of Brazil is in a difficult situation due to the weather. Stated that the flowers are at risk to develop poorly, according to a information of the AFP news agency.
Great push. Costa Rican producers say that this strengthening of the market is a big boost to exit the crisis caused by the rust fungi.
In Estanquillo of Athens, Geovanny Hidalgo Ramos, manages 20 hectares of coffee, whose property shares with four other brothers and their parents.
The attack of rust fungi caused to fall to collect 500 bushels of fruit (equal amount of quintals in grain benefited), in the period 2012-2013, to roughly 240 bushels in 2013-2014.
The finca to the Hidalgo delivery the coffee to the cooperative and Coopeatenas Upanacional are affiliated to.
These two shares allowed them to alleviate a little the loss of revenue. First, because the cooperative sells raw materials at cost, and second, with the pressure of Upanacional credit achieved with best interests and to better time, said the producer.
The loans on better terms for the producers coffee come from the trust fund, a figure that was formed in the previous administration, precisely to assist those affected by the rust fungi.
This system received 21,800 million for the funding. Already the resources were placed in its entirety and were some 4,000 applications without meet. Peters said that it is handled that these loans are serviced by the Banking System for the Development (SBD).
The assistance of that trust, more good prices, will alleviate the situation of small coffee growers, Peters said. But he cautioned that the best impact will be the harvest in 2014-2015, which just began to collect, and in the 2015-2016.
