Already a Bloomberg.com user?
Sign in with the same account.
Colombia, the world’s second-largest coffee supplier after Brazil, said output is forecast to rise to its highest in five years in 2013 because of drier weather.
Output may rise to 9 million bags from about 7.8 million bags expected this year, Luis Munoz, chief executive officer of Colombia’s National Federation of Coffee Growers, said in Bogota after a news conference today. That would be the most since 11.5 million bags in 2008, according to the coffee federation’s data.
The crop will improve in the second half of 2012 from the first six months of the year, when plants were damaged by heavy rainfall, Munoz told reporters. A weather pattern, known as La Nina, that brought above-average rainfall to Colombia has ended, President Juan Manuel Santos said May 4.
Coffee futures have fallen 33 percent in a year as traders forecast a bigger crop in Brazil, the largest producer of Arabica beans favored by brewers such as Starbucks Corp.
Each bag of coffee weighs 60 kilograms (132 pounds).
To contact the reporter on this story: Heather Walsh in Bogota at email@example.com
To contact the editor responsible for this story: Dale Crofts at firstname.lastname@example.org