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Article: Low coffee prices threaten El Salvador's post-war economic recovery. (includes related article on Costa Rica)
- Article from:
- Tea & Coffee Trade Journal
- Article date:
- July 1, 1992
- Author:
CopyrightCOPYRIGHT 1992 Lockwood Trade Journal Co., Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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El Salvador, more dependent on coffee exports than any other country in Latin America, could face increasing social unrest if worldwide coffee prices don't recover soon, warn industry and government officials here.
The country, whose economy was devastated by a 12-year civil war that ended in January, earned only $219 million in coffee exports during 1991, down from $260 million during 1990. Volume was down too, from 148 million kilograms in 1990 to 127 million kg in 1991. During that same period, coffee prices dropped 50%, to levels not seen since the early 1970's.
"This is a disaster for El Salvador and all of Central America," declared Ruben Ernesto ...