Coffee quintal reached its better price in 12 months

Taken from: www.nacion.com

The coffee quintal reached this past Tuesday its best price in the past twelve months: $144, 45.

Guido Vargas, president of the Icafé, attributed this upward trend due to the decrease of the world production of grain, especially that of countries as Brazil, the main exporter.

"The cellars of the toasters (in the consuming countries) diminished their stock of the grain; and the silos of the producers aren’t with a lot of coffee. Gourmet coffee has been scarce and that would explain the prices that see now", reasoned Vargas.

The experts recognized that Costa Rica has known to take advantage of this scarcity before, especially because the country is exporting this 2009-2010 more grain than during the period 2008-2009, according to estimations of Icafé.

To date, our country has exported 900,000 quintals; this is a 40% of the total of the production of the current period, reckoned in 2.26 million faneas of coffee in fruit.

Both experts indicated that the country achieved to date a price average accumulated of $150.70 by quintal, little more than $6 above the major registered daily price.

The president of Icafé was emphatic in indicating that the quotation above the $140 has given the sector a breath, since five years ago, a quintal was sold as low as $60.

In Costa Rica there are 55,000 producers and 200,000 people that are benefited from this activity.