Colombian coffee remains in trouble as February arabica coffee prices have hit a three-year low despite a leaf rust crisis threatening crops in Central America.
according to data from the International Coffee Organization
Coffee prices recovered slightly in mid-January due to concerns of an outbreak of leaf rust in Central America, but as of February 11, prices were the lowest since 2010. The price tempering of Colombian coffee is in part due to Brazil’s record-breaking crop forecast which stems from the abundance of rainfall in the country’s coffee-growing regions.
All major coffee-producing countries in Central America reported “some extent of damage” due to leaf rust. Reports from Guatemala and El Salvador state that rust affected 40% to 50% of all coffee plants. However,