In May 2023, Colombia witnessed a dramatic 39% boost in coffee production, hitting 1.12 million 60-kg bags.
This significant upswing from the previous year’s 806,000 bags also eclipsed April’s numbers by over 50%.
As beans journeyed from farms to global markets, exports rose by 10%, totaling 933,000 bags for the month.
Over the initial five months, a 14% increase in production led to a promising 4.65 million bags, with export figures also surging to 4.71 million.
This resurgence reflects not just a recovery but a rebirth of Colombian coffee prowess.
With an annual production that reached 11.9 million bags, a rise of 12%, Colombia stands tall as the third-largest producer of the highly sought-after washed Arabica coffee.
Exports grew to 11.1 million bags, further solidifying its position in the global market.
The nation’s capacity to churn out up to 14 million bags annually has revitalized the local economy and infused new energy into rural communities.
Colombia’s 2023 rebound, with a 2% increase in total output to 11.3 million bags, reverses a prior trend of decline.
This turnaround stems from improved agricultural techniques and strategic investments in infrastructure.
Such enhancements not only benefit the growers but also mesh seamlessly with the soaring global demand for premium coffee.
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Live Market IntelligenceBrazil — Live Market Board
Rio Times · Live Market Intelligence
Brazil — Live Market Board
+0.47%
205,082.56
+0.47%
69,879.62
-0.01%
10,746.36
-0.31%
3,017,221
—
2,540.10
+0.46%
57,021.19
+0.13%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 205,082.56 | +0.47% | +21.85% | 204,120.12 | 168,310 | 167,142 | — |
| USD/BRL | 5.16 | +0.01% | -5.13% | 5.16 | 5.18 | 5.14 | — |
| SELIC | 14.00% | — | — | — | — | — | |
| PETR4 | 41.64 | -0.05% | +35.19% | 41.66 | 41.97 | 41.15 | 41,499,400 |
| VALE3 | 72.97 | +0.83% | +30.75% | 72.37 | 73.54 | 72.66 | 17,658,000 |
| ITUB4 | 38.60 | -1.03% | +4.57% | 39.00 | 39.34 | 38.39 | 29,487,800 |
| BBDC4 | 16.85 | +0.36% | +3.50% | 16.79 | 16.90 | 16.67 | 19,416,900 |
| BBAS3 | 19.37 | +0.47% | +0.73% | 19.28 | 19.44 | 19.16 | 11,069,200 |
| B3SA3 | 14.26 | -0.21% | +12.73% | 14.29 | 14.47 | 14.11 | 33,037,800 |
| ABEV3 | 14.89 | -0.80% | +21.91% | 15.01 | 15.07 | 14.81 | 16,453,100 |
| WEGE3 | 47.59 | +0.49% | +29.99% | 47.36 | 48.08 | 47.36 | 3,364,600 |
| PRIO3 | 59.14 | -0.19% | +50.67% | 59.25 | 59.81 | 58.74 | 3,325,600 |
| SUZB3 | 41.33 | +2.35% | -23.55% | 40.38 | 41.48 | 40.35 | 3,914,900 |
| RENT3 | 34.68 | -0.09% | +0.84% | 34.71 | 34.96 | 34.35 | 7,979,100 |
| AZZA3 | 15.89 | -2.63% | -53.76% | 16.32 | 16.42 | 15.82 | 1,330,300 |
| CSNA3 | 4.30 | +0.47% | -42.65% | 4.28 | 4.41 | 4.26 | 10,076,100 |
| GGBR4 | 24.69 | +2.19% | +51.38% | 24.16 | 24.85 | 24.18 | 7,047,600 |
| ENEV3 | 24.21 | -1.38% | +70.49% | 24.55 | 24.64 | 23.99 | 9,297,000 |
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief