On Wednesday, the government of Colombia announced that they will put more or less $64 million to the country’s coffee stabilization fund. The fund intends to give protection to local farmers of coffee in Colombia.
It was stated in an article from Remezcla that the investment will support financial stability to the coffee farming industry in the country. Also, the money will be used to fund technical resources to increase Colombia’s coffee production and its quality. The expected results of the act include higher income-earning possibilities for Colombian coffee products in the coffee market.