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Venezuela imports 4,400 tons of Nicaraguan coffee. Price of $6,000 is higher than paid to Venezuelan growers

Friday, August 19, 2011

\ Recently, Venezuela’s deputy minister of Agriculture, Yván Gil, said that 'not even a single bean' has been imported this year; yet the Nicaraguan institution in charge of coffee exports reported that Nicaragua has exported 4,400 tons of coffee to Venezuela.\ \ According to the institution's records, the Venezuelan government has paid Nicaraguan farmers $26.3 million for all the coffee exports made so far this year.\ \ While the Venezuelan government has paid $6,000 for every ton of Nicaraguan coffee, it only pays $3,774 to Venezuelan farmers. This is one of the reasons why Venezuelan farmers expect an upward revision of prices.\ \ Original source: El Universal\ \ \ \ \