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Coffee production for marketing year (MY) 2022/23 (April to March) is forecast at 354,000 60-kg bags of Green Bean Equivalent (GBE) basis, an increase of 36 percent over the MY 2021/2022 estimate of 261,000 60-kg bags, due an increase in expected area harvested and improved pruning techniques.
Egypt reversed the widely criticized mandate by the Central Bank of Egypt for importers to utilize a process where letters of credit would substitute the long-established cash-against-documents process.
On May 4, 2022, Ecuador’s President Guillermo Lasso appointed Mr. Bernardo Manzano as his 3rd Minister of Agriculture and Livestock (MAG).