Industry News | November 13, 2003

Colombia to Withhold Coffee from Export in 2004

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Reuters today reported that the second-largest coffee producing nation in the world plans to withhold a half million bags of from the export market next year.

Hampered by low prices that have hurt coffee growers, a Colombian coffee exporter told Reuters the country hopes to curtail the effects.

An unidentified industry official who spoke with Reuters said the 500,000 60-kilogram bags would be used to bolster the country’s coffee stocks, giving it more control over fluctuating prices.