El Salvador: Coffee Growers Suggest Payment Options

4 proposals will be presented to the Legislative Assembly, looking to solve the coffee grower's debt problem.

Tuesday, August 18, 2009

Mario Acosta Oertel, president of the Salvadoran Foundation for Coffee Research (PROCAFE), considers the proposals to be "viable, reasonable and sensible".

More comments by Acosta were reproduced in newspaper La Prensa Gráfica: " ...this proposals seek a consented agreement on the grower's debt, which now stands at $300 million...".

More on this topic

El Salvador: Coffee Production Up 43%

June 2010

Coffee growers expect the sector to produce 2.15 million quintals in 2010/11.

In 2009/10, the country harvested 1.5 million quintals, according to data from Procafé, the Salvadoran Coffee Research Foundation.

“These are preliminary forecasts, hopefully there won’t be any more disturbances caused by abnormal weather.

Debt Payment Proposal by Salvadoran Coffee Growers

August 2009

In the proposal presented by growers they request protection under Decree 263 and for some of the debt to be paid in environmental bonds.

Decree 263 allows agricultural companies to pay delinquent loans by disbursing 15% of the balance in cash.

"...the proposal for part of the debt to be paid through the sale of environmental bonds ...

The Problems of Being Small

October 2010

In El Salvador the small size of lots conspires against productivity and profitability in the agricultural sector.

Only sugarcane crops and coffee meet the demand within the country, having to import corn, beans, rice, fruits and vegetables in order to supply the needs of the population.

$140 Million in Credit for Salvadorian Coffee-Growers

February 2009

Bank will inject $40 million in BMI funds in addition to some $100 million for provisional credits.

Laprensagrafica com publishes: "This news was received by three coffee-grower unions that met with members of the Salvadorian Banking Association (ABANSA) at the beginning of this week."

 close (x)

Receive more news about Economics

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Capitales.com

Organization that operates in Costa Rica, El Salvador, Nicaragua and Panama.
Phone: (506) 2280 5130

Company Profile

Stock Indexes

(Aug 20)
Dow Jones
0.35%
S&P 500
0.25%
Nasdaq
-0.02%

Commodities

(Aug 20)
Brent Crude Oil
102.94
Coffee "C"
188.95
Gold
1,294
Silver
19.470