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Coffee farmers in Colombia, the world's No. 2 arabica producer, have failed to deliver up to 1 million bags of beans this year or nearly 10% of the country's crop, leaving exporters, traders and roasters facing steep losses, industry sources told Reuters.

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By Maytaal Angel LONDON (Reuters) - Coffee farmers in Colombia, the world's No. 2 arabica producer, have failed to deliver up to 1 million bags of beans this year or nearly 10% of the country's crop, leaving exporters, traders and roasters facing steep losses, industry sources told Reuters. World coffee prices have soared 55% this year, mainly due to adverse weather in top producer Brazil, prompting Colombian farmers to default on sales clinched when prices were much lower in order to re-sell the coffee at higher rates. Traders are getting defaulted on, it's a mess. If drought continues (in Br...

LONDON — Coffee farmers in Colombia, the world’s No. 2 arabica producer, have failed to deliver up to 1 million bags of beans this year or nearly 10% of the…

Image courtesy of iStock. May 10, 2021 Anti-government protests in Colombia are blocking coffee exports, according to a report in Sprudge, a coffee industry publication. Roberto Velez, head of the National Federal of Coffee Growers in Colombia, said the blockades are having a particularly significant effect on producers in the Cauca, Narino Valle del Cauca and Huila provinces, which are in the midst of coffee harvests. Protests began early last week in Cali and Bogota over a proposed tax reform plan. While the plan has been canceled, the protests continue, with citizens calling for the govern...