The Investment and Export Promotion Agency of El Salvador, reported that differentiated coffee from El Salvador is sold at a price of US$250 per quintal, which represents a figure above the average of the stock market. According to the Instituto Salvadoreño del Café (ISC), 60% of the coffee exported in the 2023-2024 harvest is considered differentiated, including categories such as organic, sustainable, and gourmet. This percentage is equivalent to US$55.63 million of the more than US$92.38 million in total exports of the sector between october 2023 and july 2024.
The average price of differentiated coffee has increased by 0.78% with respect to the previous cycle, but is still lower than the US$256.98 of the 2021-2022 crop. Despite this increase, differentiated coffee still sells 20% above the average on the New York Stock Exchange, where Contract C traded at US$207.53 in july 2024.
Commercial coffee, which represents 31% of exports, was sold at an average price of US$196.42 per quintal, 4.4% lower than the average of the previous cycle. This generated income of US$28.9 million for producers until july 2024. In contrast, processed coffee, such as soluble and roasted coffee, represents only 2% of exports, with sales of over US$1.9 million, while lower quality coffee represents 6% with revenues of US$5.8 million.
The ISC report also shows a decrease in exports, with a drop of 29.5% in value and 26.4% in volume. Between october 2023 and july 2024, 413,720 quintals of coffee were exported for a total of US$92.3 million, a significant reduction compared to the US$131 million of the previous cycle. Production has decreased by 148,490 quintals compared to the previous year.
The United States continues to be the main buyer of salvadoran coffee, with a 49% share. However, exports to this market have decreased by 29% in revenue and 23% in volume, totaling 202,218 quintals valued at US$42.7 million.