Tridge summary
Costa Rica's coffee exports in September were significantly lower than the previous year, with a decrease of 42,403 bags. Despite the drop, demand for Costa Rica's Arabica coffee remained strong, driving the average price to a new high in September 2022. The country sold most of its harvest abroad, but the 2021/2022 harvest saw a decrease in exports by 8.8%, totaling 1,055,662 bags. Production has also been reduced by changing weather conditions, inefficiencies in coffee replanting, and low harvests, leading to an 11.35% decrease, totaling 1,282,000 60kg bags in the last six months.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Costa Rica exported 28,144 60kg bags in September, the last month of the Central American coffee crop year, 42,403 bags lower than the same period last year. "We sold everything we had," ICAFE's head of sustainable production, Victor Vargas, told Reuters. "This item sells very quickly due to the pandemic's impact on international trade and on top of that we have low production." ICAFE said demand for Costa Rica's Arabica coffee remained strong, with the average price reaching a new peak in September 2022 with $311.84 per quintal (46kg bag) placed at the port, providing an average level. The weighted army is $257.54 for the whole season. Famous for its high-quality coffee, Costa Rica sells most of its harvest abroad. However, the 2021/2022 harvest saw exports fall by 8.8% (or 102,490 bags) compared to the previous crop, bringing the country's total ...
Source: Vinanet
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