on November 23, 2022, 11:30 am
Post: Bogota
Report Category: Coffee
Prepared By: FAS Bogota Staff Approved By: Abigail Mackey Report Highlights:
Excessive rains and cloudiness in the last two years have suppressed Colombia's coffee production. In marketing year (MY) 2022/23, Post forecasts Colombian production at 12.6 million bags of green bean equivalent (GBE) coffee. Although local prices remain high, weather conditions are expected to continue affecting crop productivity. Colombia’s economy is projected to grow at a slower pace in 2023, restricting a more substantial growth in local consumption, which is forecast to remain flat at 2.2 million bags GBE in MY 2022/23. Paralleling lower production, exports are forecast to slightly decrease to 12.7 million bags GBE in MY 2022/23. Coffee imports are forecast at 1.9 million bags GBE to support domestic consumption since local production is primarily exported. The United States continues to be the major destination for Colombian coffee with over 40 percent market share.
https://apps.fas.usda.gov/newgainapi/api/Report/DownloadReportByFileName?fileName=Coffee%20Semi-annual_Bogota_Colombia_CO2022-0022.pdf
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Report Name: Coffee Semi-annual Country: Vietnam
Post: Hanoi
Report Category: Coffee
Prepared By: Thanh Vo Approved By: Benjamin Petlock Report Highlights:
Post revises its estimate of Vietnam marketing year 2022/2023 (MY 2022/23) coffee production down to 30.22 million bags, green bean equivalent (GBE), due to lower yields, despite abundant rainfall that supported the flowering and cherry setting stages. Post revises MY 2021/22 coffee exports up to 27.70 million bags, driven by increasing demand and improved logistics. Widening gaps in prices of Arabica versus Robusta, as well as Vietnam Robusta versus other sources, will support exports of the new crop. Post revises its estimate of MY 2022/23 coffee exports up to 27.65 million bags.
https://apps.fas.usda.gov/newgainapi/api/Report/DownloadReportByFileName?fileName=Coffee%20Semi-annual_Hanoi_Vietnam_VM2022-0082.pdf
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