Nicaragua’s Coffee Exports Have Less Value

istock_000005834739large-coffee-copy-966x500

(Today Nicaragua) At the end of August the volume exported in the 2015/16 harvest went up by 7% compared to the same period in the previous cycle, however there was a drop of 5% in value.

Statistics from the Center for Export Procedures (CETREX) report that since the beginning of the harvest in October 2015 to August 31 this year 2.4 million hundredweight of coffee has been sent abroad, a volume which is 2.2 million hundredweight more than the amount sold in the same period of the 2014-2015 cycle.

- payin the bills -

Laprensa.com.ni explains that “… this volume … which is more than those of the two previous cycles, and taking into consideration that the September sales report has not yet been relased, could approach the record set in the 2012- 2013 cycle, when 2.51 million hundredweight were exported. This record was achieved by adding to the sale of 2.06 million hundredweight produced in that cycle, to a remnant of 454.177 hundredweight from the previous harvest. It is not known whether exports from the recently concluded harvest include remnants of the former.”

However, dips in international coffee prices did not allow for the increase in volume to transfer into a rise in export earnings. Laprensa.com.ni reports that “…According to CETREX in the reference period of the 2015-2016 cycle, coffee sales abroad generated 382.27 billion, lower by 22.18 million compared to the 404.46 million earned in the reference period of the 2014-2015 cycle .

Source Centralamericandata.com

- paying the bills -

Related Articles

Nicaragua still the country with the greatest mobility in Central America in times of pandemic

TODAY NICARAGUA - Eight months after the first case of Covid-19...

Nicaragua restores 95% electricity service

TODAY NICARAGUA - After the damages caused by Hurricane Iota a...

MOST READ

Rosario Murillo: La Heredera (The Heiress)

Rosarion Murillo, the "eternally loyal" to her husband and political partner, Daniel Ortega. In a profile by Confidencial in October 2016, before her election as...

Better Air Connectivity Between Nicaragua and the US

The private companies' association is in talks with United Airlines to promote the opening of a route that connects Nicaragua with the east coast...

Nicaragua Unveils Central America’s Largest Baseball Stadium

Nicaragua has unveiled its long-awaited baseball stadium in Managua, replacing the former baseball field built in 1948. The new structure will hold up to...

Bianca Jagger Gets Into The Nicaragua Act Again

(American Thinker)  Remember Bianca Jagger? You know, the disco queen and former rock-star's wife turned leftwing "human rights activist" who was last seen mourning...

What Are Some of Nicaragua’s Popular Food?

TODAY NICARAGUA - Nicaragua is an interesting place, with a tumultuous history and a relatively peaceful present. and even if many things can be...

Nicaragua Praised by the IMF

The IMF noted the positive evolution of all the country's economic indicators, and the drastic fall in poverty, with an increase of 33% in...

Poll Shows Declining Expectations on a Nicaraguan Canal

According to the results of the most recent survey conducted by Cid Gallup, the Nicaraguan interoceanic canal project, a concession given to the Chinese...

Let's Keep This Going!

To be updated with all the latest news and information about Nicaragua and Latin America.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.