Colombia: Coffee Annual
In marketing year (MY) 2021/22, the Colombian coffee production forecast is 14.1 million bags (1 bag = 60 kilograms) green bean equivalent (GBE), assuming excessive rains during the first quarter of the year will marginally impact the October/November harvest. Colombian coffee consumption continues to increase; however, COVID-19 containment measures have impacted consumption patterns. In MY 2021/22, coffee exports are forecast to slightly decrease to 13.5 million bags GBE, driven by lower production levels. In MY 2020/21, the revised production estimate is up from 14.1 to 14.3 million bags GBE, mainly due to favorable weather conditions and the success of harvesting plans during the COVID-19 pandemic. Revised coffee exports are up from 13.6 to 13.8 million bags GBE due to increasing production, higher international prices, and the Colombian peso devaluation.