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Colombia

Colombia 2017 Coffee Crop to Fall After Rain Damage, Group Says

By Marvin G. Perez
(Bloomberg) -- Production in 4Q will probably fall 30% y/y after heavy rain in 1Q hurt flowering for harvest currently underway, Roberto Velez, CEO of Colombia’s National Federation of Coffee Growers, says Wednesday in telephone interview from
Antioquia.
* 2017 output probably will drop from last year’s 14.2m bags, highest in 23 years
* “Our wishful thinking is for production to re ach 13.8m bags, but we don’t have a lot of hope”
* He declined to give forecast for 2018 as current heavy rain clouds prospects; country has capacity to produce 14.5m to 15m bags, each weighing 60 kgs, or 132 pounds

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