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Colombia's Nov-Dec Coffee Exports Seen At Max 1.6M Bags - Asoexport93 days ago
CARTAGENA, Colombia (Dow Jones)--Colombian coffee exports in the last two months of the year are unlikely to surpass 1.6 million 60-kilogram bags, Colombia's National Coffee Exporters Association, Asoexport, said Sunday.
Asoexport President Jorge Lozano told Dow Jones in an interview that, based on the latest figures for production, which have shown no signs of recovery from weather problems, it is no longer realistic to expect higher volumes in shipments.
This would be sharply down from Colombian coffee exports of 1.922 million bags in the November-December period last year, and compares to exports of 2.389 million bags in that period in 2007.
Colombia's National Federation of Coffee Growers, or Fedecafe, on Friday lowered its forecast for 2009 production to 8.3 million bags, as Colombian producers are harvesting one of the smallest crops in over 30 years.
"This means that we can't any longer think about exporting more than between 700,000 and 800,000 bags in November and maybe a little less in December, but that is the reality we are facing," Lozano said.
Friday's revised forecast by Fedecafe was the fifth since the beginning of the year, as the 2009 harvest was initially forecast to reach up to 12.1 million bags.
-By Maja Wallengren, Dow Jones Newswires; mwallengren@hotmail.com
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(END) Dow Jones Newswires
November 08, 2009 13:20 ET (18:20 GMT)
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