(Corrects headline, first and third paragraphs to remove comparisons to International Coffee Organization data in story published yesterday.)
Sept. 27 (Bloomberg) -- Nicaragua’s coffee output in the year starting Oct. 1 may be 2.25 million bags, the country’s National Coffee Council said.
The estimate matched projected output this crop year, Luis Osorio, the council’s technical secretary, said today in a telephone interview from Managua, Nicaragua. Growers have increased the use of fertilizer and improved farm maintenance, he said. The country is the world’s eighth-biggest producer of arabica beans, according to the U.S. Department of Agriculture.
Arabica prices have climbed 32 percent in the past 12 months on ICE Futures U.S. in New York. A bag in Nicaragua weighs 46 kilograms, or about 100 pounds.
The harvest has started earlier than normal as higher-than-average temperatures accelerated crop development, Osorio said.
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