A prominent coffee industry official stated that Colombia is well-placed to be the world leader in specialty coffee.
Ric Reinhardt, president of the Speciality Coffee Growers Association, speaking at the 73rd Colombian Coffee Growers Conference last week said that the price of specialty coffee will sharply increase in the next two years due to supply issues, reported the Indian Economic Times. “The supply of specialty coffee faces a strong pressure because there are risks on the use of the land in Central America and infrastructure problems.”
“Global warming is also adding pressure on specialty coffee. Colombia has a unique position in the world to increase production of specialty coffee.”
High quality, specialty coffee is the fastest-growing area of the coffee market. Colombia, as the world’s biggest producer of top-quality mild washed Arabica coffee, can benefit from the high demand by increasing its production.
Colombian coffee exports in October fell 37% to 529,000 60-kilogram bags, one of the lowest coffee export volumes registered for that month in Colombia in 30 years, reported Dow Jones.
