Coffee cultivation in Colombia began second harvest of the year
Coffee cultivation in Colombia entered the second harvest phase of the year. In the words of Germán Bahamon Jaramillo, manager of the National Federation of Coffee Growers, this is the largest harvest of 2024 and with which it is expected to exceed the annual production goal.
Through his social networks, Jaramillo announced a new stage for Colombian coffee growers. This new harvest is an opportunity for Colombian producers, as coffee is experiencing a period of bonanza driven by the increase in its sales price. It is expected that from October to December, coffee cultivation in Colombia will prosper despite the climatic difficulties experienced by producers in the last few weeks.
El país cafetero puede decir que se ha dado inicio a la segunda cosecha del año, que por tamaño es la más grande.
— German Bahamon Jaramillo (@GermanBahamon) September 26, 2024
Envío un saludo a todos los cafeteros de Colombia que en medio de las dificultades climáticas, no bajan la guardia y con su trabajo seguirán aportando a la… pic.twitter.com/H2TXjrMlDm
Bahamón, who declared a few days ago that the objective is to close the year with a coffee production of 13 million bags, encouraged the producers that continue working in the cultivation of coffee in Colombia to continue with their hard work in order to continue positioning Colombian coffee in the international market.
You may read: Steel imports increase and local steel mills ask for protection measures
Coffee cultivation in Colombia has already surpassed 12 million bags
The ambitious goal of coffee growers to reach 13 million bags of coffee by the end of the year is close to being achieved. According to figures of the National Federation of Coffee Growers, in the last few days a production of 12.7 million bags of coffee was reported, a figure that leaves coffee growers very close to reaching the goal for the year.
With a production of this caliber, coffee cultivation in Colombia is on the right track, since only 300,000 bags of coffee remain to meet the objective set by the FNC for 2024.
According to the Federation, the figures reported last September 25 show that coffee production is at its best moment, since figures that have not been registered since 2022 were reported. With a value of $2.24 million and closing its price in the New York Stock Exchange at US$2.69 per pound, the price of coffee registered one of the highest numbers in the last 10 years.
You may also read: How the lower U.S. interest rate affects the Colombian economy
Colombian Coffee Consolidates Its Place in the International Market
The quality of coffee cultivation in Colombia is indisputable. For years, the Colombian product has stood out for its unmatched quality and flavor and has become the favorite of many international consumers. According to Bahamón, coffee is generating income of $11 billion in the rural areas of the 603 coffee growing municipalities of the country.
Bahamón also pointed out that Colombian coffee is exploring new international markets. An example of this is China, a country where consumption of Colombian coffee has soared in recent months, with a 132% increase in exports during 2023 and an additional 240% this year, positioning it as the sixth largest buyer of Colombian coffee.
The projection, according to the Federation, is to reach 11.7 million bags exported, around US$3.3 billion in sales. Of course, this deployment in the international market implies hard work on the part of Colombian coffee growers, who face several challenges when expanding their market.
One of the biggest challenges for Colombian producers is precisely to comply with European Union regulations. The so-called Green Pact or Eudr, requires that by 2025 the countries of origin of the product must comply with several sustainability practices, including deforestation issues. Of course, these regulations represent a great challenge for the cultivation of coffee in Colombia, which will have to adapt in order to continue conquering the international market.
Chinese steel is sinking Latin America’s steel industry
