From Origin

Colombia Urges Coffee Buyers To Close Earnings Gap With Farmers


BOGOTA, Sept 25 (Reuters) – Coffee-producing countries must work to close the “abysmal gap” in earnings between farmers and buyers, Colombian President Ivan Duque said on Wednesday, as growers continue to struggle amid low prices.

Colombia has repeatedly urged, without success, for major buyers to pay larger premiums for coffee – especially the high-quality arabica beans that its farmers grow.

Arabica coffee futures have hovered around $1 per lb this year, leading some growers to consider planting alternative crops or selling their farms.

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