Affected by production cuts and other factors, El Salvador’s coffee exports decreased in the first nine months

Published 2023년 10월 30일

Tridge summary

Statistics from the Central Reserve Bank of El Salvador reveal that the country's coffee exports have decreased by 13.3% in volume and 16.1% in value compared to last year due to production cuts. The Coffee Commission of El Salvador attributes the decline to a reduction in coffee production, which dropped by 4.9% in the 2022-2023 season. Uncertainty remains regarding the future of coffee exports as the impact of El Niño and the complexity of the situation in the Middle East could further affect production and market demand.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Statistics released by the Central Reserve Bank of El Salvador (BCR) show that due to factors such as production cuts, El Salvador’s coffee export volume and export value decreased by 13.3% and 16.1% respectively from January to September this year compared with the same period last year. ​ El Salvador's "Picture News" reported on October 26 that data showed that in the first nine months of this year, El Salvador exported a total of 595,400 quintals of coffee (1 quintal equals 46 kilograms), a decrease of 13.3% from the same period last year; the coffee export value was US$138.6 million. , a year-on-year decrease of 16.1%. Among them, the coffee export value in September was US$5.9 million, a decrease of US$1.5 million compared with the same period last year, a decrease of 20.3%. ​ The El Salvador Coffee Commission (CSC) stated that the decline in El Salvador’s coffee exports is related to the reduction in coffee production. In the 2021-2022 coffee production season, El ...
Source: Foodmate

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