Colombian coffee exports are valued at $2.8 billion this year despite a fall in production, said the country's growers federation Monday. Over the last 12 months, coffee exports amounted to eight million bags, an increase of 10% in volume and 47% in profit.
The manager of Colombia's national coffee-growers federation, Luis Genaro Muñoz, said the rise was a result of Colombia's high prices and quality. Muñoz added that he is optimistic that the international market will keep up a price of two dollars per pound of Colombian coffee, despite the fact the current rainy season has badly affected coffee production.
The official also expressed hope that 2012 production will not fall below eight million bags due to the damage caused by Colombia's relentless downpours. Too much rain can damage key flowering stages, knock beans off trees, and wash away roads crucial for transportation.