coffee futures prices - Colombia Coffee Production October 2015 : The National Coffee Federation in Colombia has announced that the country’s coffee production for the month of October was 267,000 bags or 24.25% higher than the same month last year, at a total of 1,368,000 bags. This is a good start to this new October 2015 to September 2016 coffee year, where production was already 1,209,000 bags or 9.97% higher than the previous 2013 to 2014 coffee year, at a total of 13,333,000 bags.
Similarly the National Coffee Federation in Colombia have announced that the country’s coffee exports for the month of October were 216,000 bags or 22.36% higher than the same month last year, at a total of 1,182,000 bags. This is likewise a good start to the new coffee year, following the impressive 1,327,000 bags or 12.10% surge in exports for the previous coffee year over the performance during the preceding 2013 to 2014 coffee year, with exports during the 2014 to 2015 coffee year having been registered at 12,291,000 bags.
This continued impressive performance in terms of production and exports from Colombia that is continuing into this new coffee year, does much to fill the gap in terms of consumer market fine washed arabica coffee supply, which comes with the price resistant supply from some of the brand name neighbouring producers to the north, such as Guatemala and Costa Rica. However with the drier weather conditions that prevail within Colombia as a result of the El Nino phenomenon in the Pacific there is evidence of a less impressive flowering towards Colombia’s smaller April to August Mitaca crop, which might limit the possibility for Colombia to end this present October 2015 to September 2016 coffee year with further gains over the previous coffee year.
Similarly the National Coffee Federation in Colombia have announced that the country’s coffee exports for the month of October were 216,000 bags or 22.36% higher than the same month last year, at a total of 1,182,000 bags. This is likewise a good start to the new coffee year, following the impressive 1,327,000 bags or 12.10% surge in exports for the previous coffee year over the performance during the preceding 2013 to 2014 coffee year, with exports during the 2014 to 2015 coffee year having been registered at 12,291,000 bags.
This continued impressive performance in terms of production and exports from Colombia that is continuing into this new coffee year, does much to fill the gap in terms of consumer market fine washed arabica coffee supply, which comes with the price resistant supply from some of the brand name neighbouring producers to the north, such as Guatemala and Costa Rica. However with the drier weather conditions that prevail within Colombia as a result of the El Nino phenomenon in the Pacific there is evidence of a less impressive flowering towards Colombia’s smaller April to August Mitaca crop, which might limit the possibility for Colombia to end this present October 2015 to September 2016 coffee year with further gains over the previous coffee year.
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