America’s coffee trees dying and growers need help
Government subsidies have been used in other coffee-producing countries in the region such as Colombia, and they help producers to remain competitive, dealers say.
Producers in Colombia, the world's top supplier of washed arabica coffee, lowered their price premium for so-called usual good quality (UGQ) beans to an 11-month low last week as they drew in more business ahead of their biggest crop in six years.
Latin American growers are already suffering from low coffee prices, which are believed to be below the cost of production in several countries. Abundant global supplies have pushed the arabica market to the lowest in more than four years.
The price of the most active arabica futures contract fell last week to $1.1110 per lb, the lowest since April 2009. ($1 = 12.9693 Mexican pesos)
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