El Salvador: revenue from coffee exports fell 35%

Published 2024년 6월 15일

Tridge summary

The article reports a significant decrease in El Salvador's coffee export income and volume for the 2023-2024 harvest, with a 35.2% reduction to just over $46.85 million, compared to the previous harvest. Despite generating 44,420 jobs in the sector, the harvest saw a 31.4% decrease in volume, with climate challenges and rust fungus contributing to historical lows in production. Globally, coffee prices experienced fluctuations, with concerns about the future availability of the 2024-2025 crop due to adverse conditions in key producing areas. South America saw an increase in green coffee bean exports, led by Brazil, while exports from Africa and Mexico and Central America, including El Salvador, declined.

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Original content

The accumulated income from El Salvador's coffee exports fell 35.2% during the 2023-2024 harvest, according to figures released by the governmental Salvadoran Coffee Institute (ISC). Official data indicate that income from grain exports between October 2023 and April 2024 totaled more than 46.85 million dollars, compared to 72.34 million during the same period of the 2022-2023 harvest. The downward difference is more than 25.49 million dollars, which is equivalent to a 35.2% reduction in income from these exports. For its part, the accumulated export volume in this period also decreased by 31.4%, going from 323,081 quintals of gold-grape in the last cycle to 221,671 currently, which means a drop of 101,401 quintals. Furthermore, in the current harvest, some 44,420 jobs were generated in the coffee sector, compared to 43,930 in the previous cycle. Salvadoran coffee farming was affected by the rust fungus and the climate crisis, which led it to record, since the 2013-2014 cycle, its ...

Source: Infobae