http://colombiareports.com/colombia-news/economy/24523-colombiaas-coffee-sector-in-acrisisa-minister.html
Ag Minister Juan Camilo Restrepo reports the nation's important coffee sector is in 'crisis' after production decreases of 1/3...in just 4 years.
Restrepo says arabica production fell from 12 million bags...to 8 million bags....mainly because of a fungus.
The price paid for the desirable arabica beans has also fallen by 30%.
It has fallen from the 2011 high of $1.90 per pound to $.60.
And...REUTERS reports that major coffee sellers have recently added more robusta beans than normal...especially from Brasil...to lower costs and boost profits...without significant consumer backlash.
TO READ:
http://uk.reuters.com/article/2012/06/11/uk-coffee-arabica-robusta-idUKBRE85A05720120611?feedType=RSS&feedName=GCA-GoogleNewsUK&google_editors_picks=true
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