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".
Coffee growers expect the sector to produce 2.15 million quintals in 2010/11.
In the proposal presented by growers they request protection under Decree 263 and for some of the debt to be paid in environmental bonds.
In El Salvador the small size of lots conspires against productivity and profitability in the agricultural sector.
Bank will inject $40 million in BMI funds in addition to some $100 million for provisional credits.
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