By Marvin G. Perez
Nov. 27 (Bloomberg) -- Colombia’s National Federation of Coffee Growers comments in e-mailed statement. * Sees 2013 output around 11m bags, from 7.75m bags last yr * Yields rose 35% on average this yr, as a program to replace aging trees with new disease-resistant-varieties lifted productivity * Since 2008, farmers increased the density per hectare by 8.3% to 5,026 trees/ha from 4,642 * NOTE: Colombia is the world’s biggest grower of arabica beans after Brazil * NOTE: A bag weighs 60 kgs, or 132 lbs
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By Marvin G. Perez
Nov. 26 (Bloomberg) -- Output may drop 7.7% to 3.68m bags next year from 3.986m bags in 2013, Lorenzo Castillo, the manager of the National Coffee Board, said in a telephone interview from Lima. * Favorable rains aided flowering, prompting the group to increase its forecast from a preliminary 3.07m bags projected in September, which meant a drop of 13% YoY * Output has declined from the record 5.52m bags in 2011, partly because leaf rust, a fungal disease, damaged crops * Export income seen ~$640m in 2013 vs $1.03b last yr, $1.6b in 2011 * ~40,000 hectares infested with leaf rust with most-severe cases in Chanchamayo, San Martin and Amazonas regions, where aging tree population exacerbates vulnerability to fungus * Low prices prompt some growers to replace coffee trees with pineapple and citrus crops, while coffee producers struggle to secure financing, Castillo said yday * Top buyers of Peru’s beans are Germany. U.S., Belgium, Canada and South Korea * NOTE: Arabica coffee has plunged 52% to $1.0855/lb since the end of 2011 on ICE Futures U.S. in New York * NOTE: Brazil is the top grower in South America, followed by Colombia and Peru * NOTE: A bag weighs 60 kgs, or 132 lbs |
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