All indications of the rising prices of coffee are looking good for producers in Costa Rica while other agricultural exports are not doing as well in the global marketplace.
Farmers and exporters are cheering for the increase in the price of coffee. Coffee has been on the decline for years due to the roya fungus’s effect on lowering production in Costa Rica. The value of coffee from Costa Rica is now up forty percent, and coffee producers are now seeking to improve their numbers in terms of harvesting for the 2015-2016 season. This is a good turn around for many in the industry.
The price increase comes on the coattails of recent news that Costa Rica’s coffee was voted as one of the most recognizable by coffee drinkers in the United States. It has also seen a fair amount of press, because the Seattle based coffee chain Starbucks has promoted it cup of excellence coffee from La Mesa in Dota, Tarazu, in its cafes since 2014.
From about 2008 to 2013, Costa Rican coffee exports have been on a downward slope, but that appears to be changing now. The Export Promotion Agency of Costa Rica (Procomer) predicts that Costa Rican coffee will continue as the international pricing sector keeps climbing.
Costa Rica exports most of its coffee to the United States which is the biggest coffee buying nation in the world. The United States accounts for upwards of fifty percent of the exports of coffee every year, and the National Coffee Association of the United States has calculated the figures of daily coffee consumers to be at 61 percent. Coffee surpasses most other beverages as a daily drink for people in the United States with tap water at 54 percent, bottled water at 44 percent, soda at 41 percent and juice at 33 percent.
International prices climbing and positive reviews from coffee drinkers in the US and elsewhere are contributing to the rise of exports from Costa Rica, and will hopefully continue to do so.