Colombia: Coffee Semi-annual
Link to report:
Excessive rains and cloudiness in the last two years have suppressed Colombia's coffee production. In marketing year (MY) 2022/23, Post forecasts Colombian production at 12.6 million bags of green bean equivalent (GBE) coffee. Although local prices remain high, weather conditions are expected to continue affecting crop productivity. Colombia’s economy is projected to grow at a slower pace in 2023, restricting a more substantial growth in local consumption, which is forecast to remain flat at 2.2 million bags GBE in MY 2022/23. Paralleling lower production, exports are forecast to slightly decrease to 12.7 million bags GBE in MY 2022/23. Coffee imports are forecast at 1.9 million bags GBE to support domestic consumption since local production is primarily exported. The United States continues to be the major destination for Colombian coffee with over 40 percent market share.
