Colombia: Coffee Annual

  |   Attaché Report (GAIN)   |   CO2022-0010

In marketing year (MY) 2022/23, Colombia's coffee production is forecast to remain unchanged at 13 million bags of green bean equivalent (GBE). Although weather conditions are expected to be normal, crop productivity has the potential to be negatively impacted as a result of lower fertilizer use due to rising prices. Colombia's economy is projected to continue growing in 2022, but current uncertainty and high food inflation rates will likely slow down consumption which is forecasted to remain flat at 2.2 million bags GBE in MY 2022/23. Paralleling stagnant production, exports are forecast to remain unchanged at 13.0 million bags GBE in MY 2022/23. Coffee imports are forecast to slightly increase in MY 2022/23 to 1.9 million bags GBE to support domestic consumption and continued strong levels of exports.

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