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Nicaragua’s Coffee Exports Have Less Value

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(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.

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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

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