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Andean Group - April 2011 (ISSN 1741-4466)
ECONOMY: Record coffee prices fuel one locomotive
Juan Valdez is once again the man holding the proverbial key to
Colombia's agricultural future. The three-decade record prices for Arabica
coffee, which are expected to remain stable within the range of US$2.5-US2.7 per
pound, are predicted to become the main force behind Colombia's agricultural
growth. Agriculture is one of the five so-called 'locomotives' of the economic
plan put forth by the administration of President Juan Manuel Santos which,
thanks in part to the record coffee prices, grew by 4.5% in the last quarter of
2010.
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