Coffee production next year in Peru may exceed 2012’s output levels by as much as 20 percent, as many of the country’s plants enter the high yield cycle.
Eduardo Montauban, head of Peru’s Coffee and Cocoa Chamber recently told Bloomberg Businessweek that the group expects the country, South America’s third largest producer, to produce 4.56 million bags next year, up from 3.8 million bags this year and down from the record-high 5 million bags in 2011.
The United States is the second biggest buyer of Peruvian beans, behind only Germany.
Montauban also told Bloomberg that the country is beginning an agricultural census, its first since 1994. “This could help the sector secure funds to increase productivity and the quality of beans,” he said.
The full story: Bloomberg Businessweek