Affected by multiple factors, El Salvador’s coffee bean exports dropped significantly this season

Published 2024년 3월 11일

Tridge summary

El Salvador has seen a significant drop in its coffee bean export volume and value in the first four months of the 2023/24 coffee harvest season, according to the El Salvador Coffee Institute. The country exported 44,900 tons of coffee beans, marking a 46.9% decrease from the same period in the previous season, and the export value was US$9.8 million, a 50.2% decrease. The United States remains the largest buyer, accounting for 47% of total exports. The decline is attributed to a reduction in production, with factors such as climate change, low coffee futures prices, and labor shortages impacting the industry.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The latest report released by the El Salvador Coffee Institute (ISC) shows that in the first four months of the 2023/24 coffee harvest season, that is, from October 2023 to January 2024, El Salvador’s coffee bean export volume and export value showed a sharp decline. Coffee bean export volume and price drop El Salvador's "Picture News" reported on March 5 that the report showed that in the first four months of the 2023/24 coffee harvest season, El Salvador's coffee growers exported a total of 44,900 tons of coffee beans, a 46.9% decrease from the same period in the 2022/23 coffee harvest season; The export value of coffee beans was US$9.8 million, a decrease of 50.2% compared with the same period of the previous season; the average export price of coffee beans per quintal was US$218.89, a decrease of 6.2% compared with the same period of the previous season. It is worth mentioning that in January this year, El Salvador’s coffee bean exports were only US$668,300, a ...

Source: Foodmate