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Colombia Aid For Coffee Farmers Falling Short Amid Crisis -Growers

From: nasdaq.com

Nearly $50 million in government aid for Colombia’s struggling coffee farmers is not enough to keep producers afloat amid a global price crisis, the country’s growers’ federation said on Friday.

Coffee prices on the New York market have hovered at or below $1 per pound so far in 2019 and hit a fresh 13-year low this week as output surpasses demand on the global market.

The Colombian coffee federation has repeatedly asked for aid for farmers, including subsidies, debt relief and help with fertilizer costs.

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