SAN JOSE, Oct 25 (Reuters) - Costa Rica’s coffee production will likely grow 11.5% in the 2022-2023 harvest, the country’s coffee institute ICAFE said Tuesday, boosted by new plantations and a larger crop during the biannual cycle.
The national coffee group expects the harvest to reach 1.430 million 60-kilo bags, from 1.282 million in the previous cycle, which was affected by climate factors.
“It’s very good news; we have always said that what Costa Rican coffee lacks is more production, because there is always a lot of global demand,” ICAFE Executive Director Xinia Chaves told Reuters.
The 2021-2022 harvest saw coffee exports drop 8.8% compared to the previous year, preventing farmers from taking maximum advantage of higher prices in the international markets.
The 2022-2023 harvest season will reach its peak in November and December. (Reporting by Alvaro Murillo; Writing by Valentine Hilaire; Editing by Rashmi Aich)
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