Historically, coffee has been one of the most important products in the Salvadoran economy, a trend that remains to date, as reflected in the statistics of the Central Reserve Bank (BCR), which indicate that only in January this year, aromatic exports increased by 69% compared to the same month in 2022.
According to the institution, exports of Salvadoran gold grain began this year with a positive figure of $ 10.4 million, which is $ 4.3 million higher than the figure reported in 2022, which was $ 6.1 million.
The BCR foreign trade database details that the countries that most bought gold coffee in the first month of the year were: United States ($ 4 million), Canada ($ 1 million), Italy ($1 million), Germany ($989,760), and Japan ($625,432).
In the same context, by the end of 2022, coffee exports had reached a historical high compared to the previous nine years, totaling $ 176.9 million, a 59.3% increase over 2021.
Prices, in Bonanza
Likewise, the Salvadoran Coffee Council (CSC) reported that this week the Arabic coffee regained its prices and reached levels not observed since October last year, with a maximum of $ 194.15.
The CSC indicated that among the determining factors of the price movement is the retention of coffee supply in the Brazil market and the risk of a reduction in the production of this year’s harvest due to the heavy rains in the south of that country.
Likewise, the CSC Coffee Statistics Report, as of January 31, 2023, indicates that national grain production for harvest 2023-2023 reports a total of 805,135 quintals of grape coffee, which represents 10% higher than what was collected for the previous period, when it was 733,860 quintals.
In addition, the CSC ensures that of the 2022-2023 harvest, around 181,701 quintals have been sold abroad, with a value of $ 41.9 million, at a price of $ 230.97 per quintals.
As for the sources of work generated by the coffee sector, he informed that only for the latter harvest, offered 40,257 permanent jobs and more than 10,064 temporary, in the more than 2000 cultivated manzanas.