Coffee
As the coffee harvest progresses in El Salvador, I have been reading articles about the coffee economy. The harvest which begins in October is about 25% complete, and 50% of the beans will be harvested by the end of December. Forecasts call for a coffee harvest equal in size to last year's harvest. The price of arabica coffee, grown in Central America, on world markets is up more than 20% from last year.
That price rise is good news for El Salvador, but the country still feels deeply the effects of the coffee crisis. The coffee crisis of the past 5 years saw coffee prices plummet to their lowest levels in the past century. Fueled by a worldwide glut of robusta coffee grown in Vietnam and Brazil, coffee farmers across the world from Latin America to Africa and beyond saw a dramatic reduction in their income. In El Salvador, Guatemala and elsewhere, thousands of rural families were forced to leave rural areas and migrated to the cities, or became illegal immigrants making their wa...