Coffee slump sparks Colombia crisis

Colombia has lost 40,000 hectares (99,000 acres) of coffee planting area over the last 18 months as farmers leave the industry amid low prices, the head of the coffee federation said, warning of a “humanitarian crisis.”

Robusta coffee slumped to a nine-year low on the New York market, while arabica touched a 13-year low of 88 cents per pound on Tuesday, as output exceeds global demand, Reuters reports.