Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Nutresa Falls to 3-Month Low as Colombia Cuts Coffee Outlook

Nov. 21 (Bloomberg) -- Grupo Nutresa SA, Colombia’s biggest food producer, fell to a three-month low after Colombia trimmed its forecast for coffee production this year by 5.9 percent following rainstorms.

Nutresa shares fell 0.8 percent to 21,480 pesos at 4 p.m. Bogota time, the lowest price since Aug. 10.

“Falling coffee production could cut margins for Nutresa’s biggest export product,” said Jorge Zuniga, an analyst at Bogota-based brokerage Interbolsa SA. “That may be why shares are falling.”

Coffee accounted for 17 percent of Nutresa’s income in the first nine months of this year, according to financial results on the company’s website.

To contact the reporter on this story: Blake Schmidt in Bogota at bschmidt16@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.