Friday, February 25, 2011

80% Of The 2010-2011 Costa Rica Coffee Crop Has Been Sold

The Instituto del Café de Costa Rica (ICAFE) reports that more than 80% of the 2010-2011 coffee harvest ahs been sold. Given this, toasters announce shortages and higher prices.

According to the chairman of the Cámara de Tostadores, the industry is alarmed by the latest ICAFE figures. They say that only 16% of the 2010-2011 harvest is available for purchase for the rest of the year, threatening the national coffee supply.
The toasters worry that once again they have to purchase coffee beans abroad because not enough is being grown in Costa Rica.
The worst is the end cost, which is passed on to consumers.

(Source: http://insidecostarica.com/dailynews/2011/february/24/costarica11022404.htm)

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