LatinNews Daily - 06 March 2019

* The Colombian federation of coffee growers (FNC) has reported that national coffee production in the first two months of the year reached 2.4m sacks, a 2.5% increase compared with the same period of 2018. An FNC statement said that the increase in production in January-February came despite an 8.7% fall in production in February compared to the same month last year, which is seen as evidence that the current low international price of coffee is starting to affect production in Colombia. Pointedly, the latest figures from the FNC come just days after its president, Roberto Vélez, suggested that Colombian coffee should no longer be traded on the New York Stock Exchange due to the low prices offered there and that Colombian producers should try directly negotiating higher prices with individual export markets.

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