The latest international coffee futures are quoted at US $98 per bag, and international coffee prices are expected to rise in 2020.
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The Guatemalan Agricultural Association (Camagro) pointed out that according to the international coffee price cycle, coffee prices will pick up next year (2020). Nils Leporowski, president of Camagro, said that the latest international coffee futures price is 98 US dollars per bag (100lb per bag), which is close to the price in 1998. In addition, due to the drop in the price of coffee materials, the cost of production has also dropped, but although the production of high-quality coffee in Guatemala can be sold beyond the amount quoted internationally, it is still far below the cost of production.
President L expects the price of this year (2019) to be similar to that of the previous two years, and Guatemala will export 4.5 million bags of raw beans this year. The decline in international coffee prices was mainly due to the drop in coffee prices in Brazil and the overproduction of 55 million to 60 million bags of coffee. Acisclo Valladares, the minister of economy of the canal and the Guinean country, agreed that coffee prices will stabilize and show an upward trend in 2020. Minister V expressed the hope that Congress will pass the coffee industry economy bill as soon as possible to help coffee farmers survive the cold winter of the industry.
Guatemala's coffee industry has more than 125,000 coffee farmers, mainly exporting more than 50 per cent to the United States, followed by the European Union (EU) with 26 per cent. Remarks: the units stationed abroad by the Ministry of Economic Affairs can keep abreast of the business situation and collect a wide range of relevant information for reference. The Bureau of International Trade has no way to verify that all the information is complete and correct. Readers should confirm the correctness of the information themselves if they need to use it.
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