Colombia: Coffee Semi-annual
Link to report:
In market year (MY) 2023/2024, Colombia's coffee production is expected to recover to 11.5 million bags green bean equivalent (GBE) given drier conditions and improved sunlight resulting from the El Niño phenomenon. Coffee production in the current MY is revised down to 10.7 million bags GBE because of excessive rainfall and lower fertilization rates. Coffee exports are estimated at 12 million bags GBE for MY 2023/2024 given anticipated higher yields. In comparison, to meet local demand, Colombia will import approximately 2.5 million bags GBE, primarily from Brazil due to higher inventories and price competitiveness.
