He National Governmentthrough its representatives in the National Committee of Coffee Growers (Minister of Finance and Public Credit, Minister of Agriculture and Rural Development, Minister of Commerce, Industry and Tourism, and the Director of the Department of National Planning) asked the National Federation of Coffee Growers (FNC) an extraordinary session with the objective of evaluating financial costs as a result of apparent delays in programfuture salesmotivated by the same union since 2017.
The Government assures that the objective of this table is evaluate the financial costs, the equity impact and the results of the National Coffee Fund (FoNC) as a result of this situation.
(You can read: Producer prices rose strongly in December).
It is worth mentioning that while at the beginning of 2024 the value per load of coffee was around 1,400,000 pesos, as of January 6, 2025, the load of dry parchment stood at 2,674,000 pesos, and the price of contract C in New York It closed at 318.60 cents per pound, according to government figures.
Coffee
“This increase benefits coffee-growing families, but also impacts market dynamics, especially future sales of dry parchment coffee.“, he assures.
(You may be interested in: Exports decrease 1.8% in November anticipating a downward trend in 2024).
For this reason, the FNC was asked to adopt measures “urgent” for “strengthen the coffee cooperative system, guarantee compliance with future delivery contracts, maintain the purchase guarantee and protect the assets of the FoNC against the financial impacts derived from non-compliance“.
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