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COLOMBIA TO EXAMINE SELLING COFFEE ‘AT ITS OWN PRICE’

COLOMBIA TO EXAMINE SELLING COFFEE ‘AT ITS OWN PRICE’



Colombia Examines Selling Coffee At Own Price

Reuters reports that Colombia is considering a plan to sell the washed Arabica coffee grown in the country without being tied to the New York market.

Quoting the national coffee federation (FNC), Reuters said the FNC has long sounded the alarm about low prices, which leave many growers operating at a loss, making the case to large coffee buyers that they should ensure producers make a profit and asking the government for subsidies.

“If you want it, you pay the price, if you don’t want it, you don’t buy Colombian coffee, because otherwise Colombian coffee isn’t viable,” said FNC chief executive officer Roberto Vélez.

Colombian growers “can’t spend their lives begging because the industry is getting rich off what they produce,” he told Reuters.

The New York market is too tied to Brazilian production, Mr Roberto Vélez said, and does not take into account growers in Colombia or Central America.

The proposal will need the backing of coffee growers, other Arabica producers from other countries and buyers before it goes ahead, the federation said in a statement.

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