11:17 - 14.11.2022
November 14, Fineko/abc.az. Coffee prices from Colombia are expected to rise in 2023.
ABC.AZ reports that it is caused with problems in connection with harvesting.
The country's officials have already begun to sound the alarm about this. Thus, the deterioration of weather conditions creates obstacles for harvesting.
For the aforementioned reasons, productivity will decrease more than by half against 2021.
The production of Arabica, the main variety for Colombia, has already decreased by 22%.
In addition, prices will also rise due to the growing cost of fertilizers, logistical difficulties, and the lack of containers needed to transport coffee. This further increases the likelihood that the price of this product will increase worldwide.
