Financial Times
Colombian coffee prices reach 11-year high as supplies tighten
Apr 13 -- Colombian coffee prices have hit their highest level in 11 years in the wholesale market, forcing leading brands in the US to announce increases in their retail prices of almost 20 per cent at a time when consumers are tightening their belts.
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Colombian coffee is sought after for its superior flavour. The Latin American country is the world's largest producer of top-quality mild washed Arabica coffee and the third largest supplier of coffee overall after Brazil and Vietnam.
The surge in Colombian prices comes amid tight supplies due to heavy rains in the last few months and a government-sponsored programme to replace old coffee trees with new ones to improve productivity in the medium term, analysts said.
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