In related news, in Guatemala, coffee producers reported that the local cash market is almost paralyzed as exporters have stopped purchases due to the lack of liquidity. In Colombia, a
similar situation has slowed down the business, it was reported by Reuters.
Colombia: exports as of feb were 1.5 mi bags; 33% above same period last year. good
weather has been reported for main crop development. exchange rate slightly stronger than last week at 1875.
Mexico: coffee flow has been good and so has the quality for this diminished crop. diffs are still under pressure as long as demand continues to be weak.
Guatemala : exports as per march were 1.0 mio bags; 2.7% lower compared to 09/10 crop.arrivals of parchment into exporters’ warehouses slowing down considerably. demand has
dried up at current ice levels, seeing only some forward covering at steady differentials.
Honduras: exports registered are 57% above the estimates as of march. only 5% of the crop is estimated to be unsold and some of this coffee might be of doubtful quality, demand
remains very volatile.
El Salvador: harvest has finished.1.4 mio bags have been registered and there is no coffee left. good weather and rainfalls all over the country are making coffee trees start flowering.
Peru: diffs have been reported under pressure, but reality is that coffee flow is still very small,prices are being fished for, but not much biz is concluded yet