HomeArchiveCoffee Prices Drop 20% in Past Month

Coffee Prices Drop 20% in Past Month

Tico Times
By Tico Times

AFTER six months of rising prices,international coffee prices dropped 20%in the past month following predictionsthere will be no freezing during Brazil’snext harvest.Brazil is the world’s largest coffee producer.Its production level can dramaticallyaffect global prices. The news from Brazilcrushed hopes that a worldwide productionsurplus, which has caused low internationalcoffee prices since 1998, would subsideduring the upcoming harvest.Abundant production in Vietnam, theworld’s second-largest producer of coffee,also contributed to the low prices.

Trending Now

A Proposed 15% Tax Would Reach Costa Rica Residents’ Foreign Dividends and Interest

Costa Rica residents who earn interest, dividends, rent or capital gains outside the country would pay a 15% tax on that income under a...
Read more

Cristiano Ronaldo Announces Portugal Retirement at 41

Portuguese football legend Cristiano Ronaldo announced on Thursday he was retiring from international football at the age of 41. Ronaldo made his debut for...
Read more

Two Bull Sharks Found Dead in a Guanacaste Estuary They Had Never Been Known to Enter

Two bull sharks, rays and fish were found dead in a sand-blocked estuary at Playa Langosta near Tamarindo. Environmental authorities are investigating the cause.
Read more

Costa Rica Unemployment Climbs to 6.5% With 20,000 More Out of Work

Costa Rica's unemployment rate rose to 6.5% in the July-to-September quarter, up from 5.7% a year earlier, according to the National Institute of Statistics...
Read more

Guided Hikes in Costa Rica Would Need ICT Licenses and Insurance Under New Bill

Companies that sell or lead guided hikes in Costa Rica would need a license from the Costa Rican Tourism Institute (ICT) and insurance covering...
Read more

Costa Rica’s Dollar Slides Back Toward Its Record Low

The dollar closed Tuesday at 448.43 colones on Monex, 1.63 colones above its all-time low.
Read more

Costa Rica’s Dry Season Starts This Week in Guanacaste and the Central Valley

If you live in or are visiting Guanacaste or the Central Valley, the rain is about to switch off. Costa Rica's dry season settles...
Read more

Pacific Low Has a 60% Chance of Turning Tropical as Costa Rica Braces for Rain

A low off Central America's Pacific coast now has a 60% chance of becoming a tropical depression, and heavy rain could reach parts of the region through the weekend. With soils already up to 90% saturated, here is what to expect and how to plan.
Read more

Costa Rica’s Tropical Depression Risk Fades but the Downpours Don’t

The low-pressure system off Central America's Pacific coast is now less likely to become a tropical depression, but that doesn't mean a dry weekend...
Read more
Tico Times
Tico Times
Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel