LatinNews Daily - 05 April 2018

Colombia: Colombia’s national federation of coffee producers (FNC) has reported that national coffee production fell by 6% year-on-year to 3.4m 60kg sacks in Q1 2018. According to the FNC, the fall in production comes on the back of the fall in international coffee prices, which producers say have fallen below their production costs. The low levels of production have also had an impact on exports, which according to the FNC fell by 14% to 1.2m sacks year-on-year in March. This situation has led the FNC to ask the Colombian government to provide emergency economic assistance to the sector. However, the government, which offered US$358m in subsidies for coffee producers in 2013-2014, has said that it currently does not have means to provide any assistance.

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