The National Federation of Coffee Growers has provided a comprehensive report, offering a glimpse into the challenges and opportunities shaping the industry. Here’s a breakdown of the situation in Colombia.
Overview
Between January and July, the Colombian coffee sector faced a harvest of 5 million 968 thousand 60-kilogram bags, reflecting a decline of 6.3% compared to the same period in 2022. The *La Niña phenomenon significantly impacted flowering and late production, contributing to a drop of 403 thousand bags.
12-Month Analysis
Results for the last 12 months, up to July, indicate an overall production of only 10 million 680 thousand bags, marking a decrease of 1.3 million bags (11.1%) compared to July 2022. This signals a potential similarity in production to the previous year, with estimates hovering around 11 million bags.
Future Expectations
The coffee sector anticipates a potential improvement in the second half of the year, particularly in areas like Caldas, where higher production is expected.
Worst Crop in 11 Years?
If the final production is less than 11 million bags, it would mark the lowest crop in 11 years in Colombia, echoing the production levels of 7 million 744 thousand bags in 2012 and 10 million 886 thousand bags in 2013. Quantities are limited, we can help you source exactly what you need. Don’t hesitate to get in touch.
October Highlights
Despite the challenges, October saw a positive uptick in production, with Colombia producing 1.2 million 60-kilogram bags. This represents a notable 30% increase compared to the 888,000 bags produced in the same month of 2022.
Producer Beatriz Martha Núñez Martínez member of the Red Ecolsierra Network.
Year-to-Date Figures
However, the cumulative production for the year, standing at 8,846,000 bags, reflects a 2% decrease compared to the first ten months of 2022 (9,043,000 bags).
12-Month Trend
In the last twelve months (from November 2022 to October 2023), coffee production witnessed a 6% reduction, with 10,887,000 bags this year compared to 11,559,000 in the same period immediately preceding.
As we navigate these dynamics together, we remain committed to keeping you informed about the latest developments in the world of coffee. Our dedicated teams, both at the source and overseas, work hard every day to ensure a positive impact on the Colombian coffee value chain. Contribute to our mission by sourcing your coffee through ElevaFinca.
* Among global climatic phenomena, El Niño and La Niña stand out for their importance and complexity. These events, despite their contrasting nature, have the potential to exert significant impacts on weather patterns and environmental conditions worldwide. La Niña, a natural climatic phenomenon, occurs in the tropical Pacific Ocean and is characterized by the abnormal cooling of surface waters in the central and eastern Pacific Ocean.
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Sources:
https://www.bloomberglinea.com/2023/02/07/cafe-de-colombia-arranca-2023-con-un-desplome-del-19-de-las-exportaciones/
https://www.bancolombia.com/negocios/actualizate/perspectivas-economicas/informe-economia-cafetera-colombia