Dominican coffee producers are experiencing a great moment in terms of the profitability of their harvests, as this product reached its highest price in a decade in August, and it is still at a very high price in the month of September. Between January and August of this year, the country has exported US$27.1 million in roasted, non-decaffeinated coffee, and US$4.3 million for unroasted, non-decaffeinated coffee. The main destination for Dominican coffee is Puerto Rico, to which US$22.9 million has already been exported, followed by the United States with US$1.9 million, and to a lesser extent Aruba, San Martin, British Virgin Islands, Spain, Curacao, France and Canada. The main coffee exporters are located in the provinces of Santiago, La Vega, La Altagracia, Greater Santo Domingo and the National District, according to data from Prodominicana. According to the Consumer Price Index of the United States, published last week, monthly coffee prices rose 4%, the largest increase in 14 years. The United States is the world’s largest importer of coffee and depends on producing countries like Brazil to obtain the beans, a country with which it initiated a trade war by applying a 50% tariff to its imports, which has affected the price. Another affected country is Colombia, another major exporter of coffee to the North American nation. That situation is compounded by climate issues such as droughts and floods occurring in major coffee producers like Colombia and Vietnam.
This week the price of coffee had a slight drop in the world coffee market in London, however, it maintains good prices.
