Coffee production in Colombia is expected to be down again this year, due to extended heavy rainfall.
According to a recent Bloomberg report, the world’s second-largest producer of arabica beans may only put out 7.5 to 7.8 million bags of beans. The 7.81 million bags harvested in 2011 represented the lowest coffee production level for Colombia since 1976 and an 11 percent slip from 2010.
“The crop is very similar to that of last year,” Andres Valencia, marketing chief at Colombia’s National Federation of Coffee Growers, told Bloomberg.
The full story: Bloomberg