Colombia sees coffee crop slumping to lowest since 1976

Colombia, the second-largest producer of arabica coffee beans, may produce a smaller crop than last year because of heavy rainfall.

The harvest may be 7.5 million to 7.8 million 60-kilogram bags of beans this calendar year, the lowest level since 1976.

Rainfall last year damaged flowering and increased crop diseases in Colombia, where the harvest has failed to recover since wet weather reduced output by 32 percent in 2009.



Source: Bloomberg