Colombia Coffee Crop May Miss Forecasts After Bad Weather
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Colombia, the world’s second-largest supplier of Arabica coffee beans, may produce its smallest crop in two years in 2011 because of excess rain that poses a risk for next year’s harvest, according to a top growers’ leader.
Output may slide to less than 8.5 million bags this year, said Mario Gomez, a member of the board of Colombia’s National Federation of Coffee Growers for almost three decades. In August, the Federation cut its forecast to 9 million bags, from 9.5 million previously. Last year’s crop was 8.9 million bags.