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New investments in coffee
Posted On 05 Jun 2017
Ecuadornews:
The shortage of domestic production, the high demand from industry and improved genetics encourage new ventures. They did a test: they planted elite coffee clones and today they are convinced that they will become great producers of the robust variety.
Luis Esteban Chonillo and his partner Walter Andrade are coffee growers who make their debut. A year and a half after planting the first plant they see a profitable coastal crop that will generate a turn of resources in a new business on a large scale. The first results say so.
The land is fertile because Ecuador does not produce coffee as before and does not sell much abroad. In 2011 Ecuador exported 607 thousand bags of 60 kilos of the Arabica and robusta varieties (32.85% and 67.15%). And until 2016 there was only a gradual and worrying fall: 84,369 bags until the end of last year, as recorded by the National Association of Coffee Exporters (Anecafé).
The solubles industry, in order to meet obligations with its customers abroad, is obliged to import raw material from Asia (Vietnam mainly) to process and re-export, and that is the niche for coffee that begins to be produced locally with high yield. Companies need about one million bags, which will hopefully come out in the next years from domestic soils and not from Vietnam.
And that is happening thanks to the genetic material of high productivity and quality, and Cereals of Ecuador, another of the companies that bet on the coffee, recognize this (I).
Source: http://www.expreso.ec/actualidad/al-cafe-llegan-las-inversiones-NL1386359
