El Salvador announced Tuesday it is joining other Latin American nations in suspending coffee exports temporarily to shore up plunging prices.
Costa Rica, El Salvador, Honduras, Nicaragua and
Colombia already have stopped coffee exports after international prices dropped from $180 per 106-pound bag in May to $130 last week.
Brazil said Tuesday it hasn’t decided whether to suspend its own exports.
Guatemala already sold its crop months ago on the futures market.
sponsored According to two 2015 surveys, 62 percent of Americans do not have enough savings to handle an unexpected emergency, much less any long-term plans.