As the weather extremes affect commodity prices around the world, we see that close to home here in Boquete our specialty coffees will cost us more this year. This in from Newsroom Panama. It might be a good time to call us about some of our listings on coffee plantations where you can invest either on an active or passive basis in increments anywhere from $1 Million to $15 Million. We are expecting good returns for this sector this year.
Your early morning jump start to the day is going to cost you a lot more in 2011. Record rainfalls during the past year have dramatically reduced coffee production in Panama.
One major producer forecasts that prices for a pound of specialty coffee will rise as much as 20 percent in the coming months. There are 62 coffee brands produced in Panama, mainly in Chiriquí including the famed Geisha coffee that was auctioned last year at a world record price of over $170 a pound. A normal year’s coffee harvest is 186,000 quintals. This year it is expected to fall to 156,000 quintals. Damage to the leaves of plants which have become affected by mould is the primary cause.
Moving to Panama in May of this year from Miami , looking to invest in a lucrative business in Panama, We have backround in the coffee business but looking for opportunities in any field, Have any idea , share it with us