10% drop in exports offset by higher coffee prices and global demand

Between January and August 2020, Colombia exported 7.9 million 60-kg bags, a 10% decrease when compared to the first eight months of 2019 (8.9 million sacks exported). However, lower exports have been offset by a 22% increase in global consumption during the The COVID19 pandemic, according to the International Coffee Organization. Furthermore, higher prices in the New York Stock Exchange (between $1.10 and $1.30 / pound) are compensating for lower exports and production.

Source: Agronegocios