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Colombian coffee crop will likely yield 13.6 million 60-kilogram bags in 2024, up 20 per cent compared to production last year, according to an XM Group trading report.
The increase is due largely to improved pest controls and adaptations to climate change. In Brazil, the world’s largest producer of Arabica beans, last year’s national crop yielded 11.3 million 60-kilogram bags.
According to German Bahamon, Head of the National Federation of Colombian Coffee Growers, the Colombian crop’s value for 2024 should total more than 14 trillion pesos (US$3.14 billion).
Last year’s coffee crop brought in $11.1 trillion pesos (US$2.51 billion), while output rose just 2 per cent in 2023, following three consecutive seasons of falling output.
In September, Bahamon forecast 2024 production at 13 million bags. He says although there has been a “copious flow of coffee beans from our farms”, the harvest will not exceed 13.6 million bags.
Bahamon also dismissed any negative impact from the next United States government led by President-elect Donald Trump, despite the leader’s embrace of tariffs and a more protectionist approach.
“We’re not expecting any change right now in export policies to the United States,” says Bahamon.
The US and Canadian markets account for about 45 per cent of Colombia’s foreign coffee shipments.
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