Bloomberg News

Nicaragua’s Coffee Production to Be 2.25 Million Bags

September 28, 2011

(Corrects headline, first and third paragraphs to remove comparisons to International Coffee Organization data in story published yesterday.)

Sept. 27 (Bloomberg) -- Nicaragua’s coffee output in the year starting Oct. 1 may be 2.25 million bags, the country’s National Coffee Council said.

The estimate matched projected output this crop year, Luis Osorio, the council’s technical secretary, said today in a telephone interview from Managua, Nicaragua. Growers have increased the use of fertilizer and improved farm maintenance, he said. The country is the world’s eighth-biggest producer of arabica beans, according to the U.S. Department of Agriculture.

Arabica prices have climbed 32 percent in the past 12 months on ICE Futures U.S. in New York. A bag in Nicaragua weighs 46 kilograms, or about 100 pounds.

The harvest has started earlier than normal as higher-than- average temperatures accelerated crop development, Osorio said.

--Editor: Patrick McKiernan, Millie Munshi

To contact the reporter on this story: Marvin G. Perez in New York at mperez71@bloomberg.net

To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net.


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