Colombia: Coffee Semi-annual
Link to report:
In marketing year (MY) 2021/22, Post's revised Colombian coffee production forecast is down to 13.8 million bags (1 bag = 60 kilograms) green bean equivalent (GBE), due to potentially heavy rains from the La Niña weather phenomena that is projected to materialize towards the end of 2021 and the beginning of 2022. Revised coffee exports are forecast to remain unchanged at 13.5 million bags GBE, motivated by high international prices, while revised coffee imports are forecast to increase to 1.7 million bags to satisfy increasing demand as a result of Colombia's economic recovery. In MY 2020/21, Post's revised production estimate is down from 14.3 to 13.4 million bags GBE, primarily due to supply chain disruption and lower yields from adverse weather conditions. Revised coffee exports are down to 13.0 million bags GBE as a consequence of road blockades and unrest from the 45-day national protests that took place in May and June 2021.
