Colombia triples purchases of coffee from Peru

Colombia, the second-largest producer of Arabica coffee beans, almost tripled purchases of Peruvian coffee to make up for a decline in harvests this year.

Colombia bought 99,581 60-kilogram bags through February, almost triple the 36,545 bags a year earlier, making it the second-largest buyer of Peruvian coffee after the United States.

Colombia may see harvests fall to 7.5 million bags this year from 7.81 million bags in 2011, a 25-year-low, because of heavy rainfall that damaged flowering and increased crop diseases.


Source: Bloomberg