IBOV 168,531.37 ▲ 0.42% IPSA 11,272.79 ▲ 0.28% IPC MEX 64,436.38 ▲ 0.68% MERVAL 2,891,094 ▲ 0.58% COLCAP 2,439.29 ▼ 0.59% BVL PERÚ 58,380.78 ▲ 0.50% USD/BRL5.19▲ 0.27% USD/MXN16.96▲ 0.09% USD/CLP921.41— 0.00% USD/COP3,071▼ 1.13% USD/PEN3.35▼ 0.49% USD/ARS1,497▼ 0.02% USD/UYU40.21▲ 0.95% USD/PYG5,992▲ 1.19% USD/BOB11.42▲ 0.14% USD/DOP58.49▲ 0.74% USD/CRC446.30▲ 2.09% USD/GTQ7.62▲ 2.24% USD/HNL26.81▲ 1.60% USD/NIO36.62▲ 0.69% USD/VES775.47▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.71▲ 0.93% EUR/BRL6.06▲ 0.44% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 168,531.37 ▲ 0.42% IPSA 11,272.79 ▲ 0.28% IPC MEX 64,436.38 ▲ 0.68% MERVAL 2,891,094 ▲ 0.58% COLCAP 2,439.29 ▼ 0.59% BVL PERÚ 58,380.78 ▲ 0.50% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Agri Business Business - Brazil

Colombia Poised for Record Coffee Harvest in 2024

By · June 27, 2024 · 2 min read

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Colombia’s coffee industry is optimistic about the 2024 Arabica coffee harvest. The National Federation of Coffee Growers (FNC) projects the country will exceed 12 million bags this cycle.

In recent years, La Niña’s excessive rainfall has heavily impacted Colombian coffee plantations. For the past year, the sector has worked to normalize production.

El Niño’s influence has benefited Colombia’s coffee crops, leading to a recovery in coffee volume. However, the local media reports a decline in beverage quality.

“Our goal is to achieve both high volume and quality, alongside better prices,” said Germán Bahamón Jaramillo from the FNC.

Coffee prices have been on an upward trend, even with Colombia’s increased presence in the international market.

Colombia Poised for Record Coffee Harvest in 2024
Colombia Poised for Record Coffee Harvest in 2024. (Photo Internet reproduction)
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Other coffee-producing nations like Honduras, Mexico, Guatemala, Costa Rica, and Uganda have yet to fully recover, which may support higher prices.

Marcelo Salazar Velásquez, president of the Caldas Coffee Growers Committee, believes the figures could reach 14 million bags.

The national indicator suggests this year’s harvest might rival the records of 2015 and 2020, producing between 13 million and 14 million bags, the highest volumes in 23 years.

This potential record harvest matters on a global scale. Colombia is the world’s third-largest coffee producer, behind Brazil and Vietnam.

Any significant changes in Colombian coffee output can impact global coffee prices and supply chains.

Colombian Coffee Industry

The coffee industry is crucial to Colombia’s economy, providing employment for millions and supporting rural development.

The recovery and potential record harvest come at a critical time. Climate change poses ongoing threats to coffee production worldwide.

The ability of Colombian farmers to adapt and thrive under changing conditions offers valuable lessons for global agriculture.

In conclusion, Colombia’s anticipated coffee harvest in 2024 represents resilience and adaptation. The industry looks forward to achieving record volumes while maintaining quality.

In short, this development could positively influence global coffee markets and reinforce Colombia’s position as a leading coffee producer.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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