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Article: Colombia expects loss in export earnings.
- Article from:
- Tea & Coffee Trade Journal
- Article date:
- September 1, 1989
- Author:
CopyrightCOPYRIGHT 1989 Lockwood Trade Journal Co., Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Colombia expects loss in export earnings
Colombia's coffee industry is shaken. As feared, the ICA pact has floundered and Milds prices have plummeted on the newly free market. Now Andean planters and exporters are nervously awaiting further developments.
Bogota economists have predicted that Colombia could lose anything between $150 million and $700 million a year in Milds export earnings because of the price slump that has resulted from the collapse of the ICA quota system. In the opinion of most crystal-gazers, the annual loss is likely in fact to be between at least $200 million and $300 million.
Admittedly this would not be a catastrophic ...