From Origin

Colombia Coffee Federation Calls For $2 Floor For Prices

From: reuters.com

BOGOTA, July 2 (Reuters) – Colombia, the world’s leading grower of washed Arabica coffee, called on Tuesday for an international base price of $2 per pound so that producers can have a guaranteed income that would prevent farmers abandoning the sector.

Colombian coffee producers have faced a crisis in recent months due to low international prices, prompting the government to earmark $79.5 million for subsidies, debt relief for farmers and the renewal of coffee plantations.

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