In the case of Colombia, mostly and the majority of time they were always around between +2 to +5 for UGQ and about 4 cents more for Supremos 17/18 and 5 more for Supremos 18.
Since prices started to be circulating above and below 10000 in the futures markets for several years lately,these differentials started to move up towards +14 and then +18.From about a year ago or a little more they moved to +28 and +30.
Just lately or around thes pandemic times they moved from +30 to +50/52 and recently they have trading at +44.All of these FOB.
According to many people in the business here,this year the scarcity of coffee has been a serious problem and even in the lower grade (PASILLA),which used by local roasters,(the 4% mentioned by me in the article about Colombia cost of production)to the point they have been importing these types of coffee from Brazil and Peru.
This goes against the data provided by FNC (FEDERACION NACIONAL DE CAFETEROS) whereby they state the crop will be 14.2 million bags and people in the business keep wondering where this coffee is.
By the way, exactly yesterday I was talking to a couple of clients in the regions of Tolima and Huila and they say that buyers are taking coffee offered at 119000 cop per ARROBA (27 pounds of parchment) which is much higher than the median price of 110000.
Maybe this is the reason differentials are si high.
This is is the time where the main crop here in Colombia should've been out (since August until some time in November).
So this is the best of my answer to your question.
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