Coffee output from Colombia, the world’s second-largest producer of arabica beans after Brazil, is estimated to be 5.9 percent lower than originally expected this year, following persistent rainstorms.
Output is now expected to be at around 8 million bags, compared to 8.9 million bags in 2010, an unnamed spokesperson from the National Federation of Coffee Growers recently told Bloomberg.
Output will slide to 8 million bags this year from 8.9 million bags last year, a spokeswoman at Colombia’s National Federation of Coffee Growers, who can’t be identified because of federation policy, said today by telephone in Bogota.
The production estimate was first lowered to 8.5 million bags earlier this month, and more bad weather is expected throughout the country’s coffee-producing regions.
The full story: Bloomberg