It is worth mentioning that El Salvador is a member of this organization. This is one of the most consulted thermometers by the coffee industry, especially those who depend on the fluctuation of Contract C, a mechanism in the stock exchange subject to market fluctuations.

The ICO points out that in february the price of Robusta coffee varieties reached its highest price since november 1994, after an average of US$1.53 per pound.

The market is divided into two main groups of coffee: robusta, with stronger notes and double the caffeine, and the arabica type -considered by many to be the best-, which has more balanced and smoother flavors. El Salvador is mainly a producer of arabica varieties, such as Bourbon and Pacaramara.

However, the Instituto Salvadoreño del Café (ISC) details in a march 8 report that arabica coffee prices dropped in the last week due to weather prospects in Brazil, the world's largest coffee producer, which alleviated concerns about a drought in producing areas.

As a result, the quintal of coffee for delivery in may 2024 closed at US$185.20.

OIC shows that the pound of coffee closed at $1.82 in february, 4.2% higher than the value recorded in the same month of 2023 and 3.4% above the US$1.76 of january 2024.

Translated by: A.M