Hormuz Strait Crisis Reshapes Roadmap for Colombian Companies, Including Coffee
Bogota (Coffee Network) –The crisis in the Strait of Hormuz is forcing Colombian companies to reassess their supply chain and logistics strategies amid mounting geopolitical uncertainty and rising global costs.
Businesses are already facing three immediate consequences: a supply shock driven by higher raw material prices that increases operating costs and erodes purchasing power; the risk of wage-price pressures that could fuel inflation; and tighter global financial conditions, reflected in a stronger US dollar and heightened risk aversion that weakens aggregate demand.
These challenges will be among the key topics discussed at the 15th International Supply Chain and Logistics Congress organized by Analdex
According to UN Trade and Development figures, global maritime trade is highly dependent on the Strait of Hormuz. In terms of cargo composition, crude oil accounts for the largest share, representing 38% of global seaborne trade passing through the strait.
Liquefied petroleum gas (LPG) follows with 29%, while liquefied natural gas (LNG) and refined petroleum products each account for 19%.
Likewise, nearly one-third of global maritime fertilizer trade passes through the Strait of Hormuz, making it a critical point for global food security.
According to Javier Díaz Molina, executive president of Analdex, considering the conflict in the Middle East and the closure of the Strait of Hormuz, which has abruptly disrupted hydrocarbon supplies, the scale of the final economic impact will depend on the duration of the clashes.
“This shock is transmitted through three critical channels for Colombian companies: first, a supply shock driven by higher raw material prices that raises costs and weakens purchasing power; second, the risk of wage-price increases that worsen inflation; and third, tighter global financial conditions, marked by dollar appreciation and a reassessment of risks that slows aggregate demand,” Díaz Molina said.
Gustavo Gomez, director of the coffee exporters association, said vessels may not reach some Colombian ports, create roll-overs or get postponed. Yet he said the situation is gradually normalizing.
These issues will be addressed during the 15th International Supply Chain and Logistics Congress organized by Analdex, to be held on May 14–15 at the Estelar Hotel in Cartagena.
The conflict in the Middle East has reshaped global supply chains, with a major impact on products such as hydrocarbons and fertilizers.
For the global coffee market, logistics continues to exert outsized influence on the coffee market. Ongoing instability in the Middle East, particularly surrounding shipping routes linked to the Strait of Hormuz, is maintaining upward pressure on freight and insurance costs. Carriers continue to apply war‑risk and fuel surcharges, while vessel diversions and longer transit times remain common across Asia‑Europe and Asia‑U.S. trade lanes.
Industry reports indicate that, while some routes have cautiously reopened, the shipping system has not normalized. Freight operators warn that elevated bunker fuel prices, tighter vessel availability, and insurance premiums are likely to persist into the second quarter, keeping landed coffee costs high even if green prices soften. For roasters and traders, this has translated into higher working capital requirements and continued uncertainty around delivery timing.
These logistics constraints are also distorting trade flows. Brazilian exports to certain Middle Eastern markets have declined as routes are re‑optimized and demand patterns adjust to higher costs and longer lead times, adding another layer of complexity to global coffee distribution.
Colombia Context
In addition to geopolitical issues, Colombia’s domestic logistics chain roadmap faces several key challenges.
Regarding logistics costs and the freight transport outlook in Colombia, Javier Díaz identified five key issues to address.
First, he pointed to contradictions with the National Development Plan, arguing that using the transportation fees for trucks published by SICE-TAC system as a pricing floor restricts price freedom and competition, creates risks of market inefficiency, and lacks broad technical analysis involving all stakeholders and economic impacts.
Second, regarding the recording of logistics hours through fleet monitoring systems, Díaz said there is a lack of clarity about the mechanisms used to register and measure times.
The remaining three issues involve overregulation, road blockades and technical restrictions, and the so-called “one-to-one” mechanism, which, in addition to violating the country’s international agreements, reflects pressure from transport operators to maintain restrictions on the entry of new vehicles, ultimately reducing competitiveness in the transport chain.
By Diana Delgado
Source: Analdez
This material should be construed as market commentary and represents the opinions and viewpoints of the author, and does not reflect tailored advice associated with any specific account.
The views are current only through the date stated and are subject to change at any time based upon market or other conditions, and StoneX Group Inc. (“SGI”) disclaims any responsibility to update such views. Actual results, performance, or achievements may differ materially from those expressed or implied. Information is based on data gathered from what we believe are reliable sources. Past performance does not guarantee future results.
The StoneX Group Inc. group of companies provides financial services worldwide through its subsidiaries, including physical commodities, securities, exchange-traded and over-the-counter derivatives, risk management, global payments and foreign exchange products in accordance with applicable law in the jurisdictions where services are provided.
References to certain OTC products or swaps are made on behalf of StoneX Markets, LLC (SXM), a member of the National Futures Association (NFA) and provisionally registered with the U.S. Commodity Futures Trading Commission (CFTC) as a swap dealer. SXM’s products are designed only for individuals or firms who qualify under CFTC rules as an ‘Eligible Contract Participant’ and who have been accepted as customers of SXM.
StoneX Financial Inc. (SFI) is a member of FINRA/NFA/SIPC and registered with the MSRB. SFI is registered with the U.S. Securities and Exchange Commission (SEC) as a Broker-Dealer and with the CFTC as a Futures Commission Merchant and Commodity Trading Advisor. StoneX Financial (Canada) Inc. (SFCI) is registered in Canada and is a member of CIRO and CIPF. References to certain securities trading are made on behalf of the BD Division of SFI and are intended only for an audience of institutional clients as defined by FINRA Rule 4512(c). References to certain exchange-traded futures and options are made on behalf of the FCM Division of SFI. Wealth Management is offered through SA Stone Wealth Management Inc., member FINRA/SIPC, and SA Stone Investment Advisors Inc., an SEC-registered investment advisor, both wholly owned subsidiaries of SGI.
R.J. O’Brien & Associates, LLC (RJO) is registered with the CFTC as a Futures Commission Merchant and is a member of NFA.
StoneX Financial Ltd (SFL) is registered in England and Wales, company no. 5616586. SFL is authorized and regulated by the Financial Conduct Authority (FCA) (registration number FRN:446717) to provide services to professional and eligible customers including: arrangement, execution and, where required, clearing derivative transactions in exchange traded futures and options. SFL is also authorized to engage in the arrangement and execution of transactions in certain OTC products, certain securities trading, precious metals trading and payment services to eligible customers. SFL is authorized and regulated by the FCA under the Payment Services Regulations 2017 for the provision of payment services. SFL is a category 1 ring-dealing member of the London Metal Exchange. In addition SFL also engages in other physically delivered commodities business and other general business activities which are unregulated and not required to be authorized by the FCA.
This communication is issued in the European Economic Area by StoneX Financial Europe GmbH (SFEG). StoneX is the trade name used by STONEX GROUP INC. and all its associated entities and subsidiaries. StoneX Financial Europe GmbH (“SFEG”) is a securities trading firm registered in Germany under Company No. HRB 80844.
StoneX APAC Pte. Ltd. (“SAP”) (Co. Reg. No 200616676W) is regulated as a Dealer (PS20190001002) under the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act 2019 for purposes of anti-money laundering and countering the financing of terrorism. SAP is an “Approved International Trading Company” authorized to act as a “Spot Commodity Broker” under the Commodity Trading Act.
StoneX Financial Pte Ltd (Co. Reg. No 201130598R) (“SFP”) is regulated by the Monetary Authority of Singapore and is a Capital Markets Service Licence holder (for dealing in capital market products), an Exempt Financial Adviser (for advising on investment products and issuing or promulgating analyses/ reports on investment products) and a Major Payment Institution (for domestic and cross-border money transfer services).
SFP may distribute analysis/report produced by its respective foreign affiliates within the StoneX Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations Recipients should contact SFP at (65) 6309 1000 for any matters arising from, or in connection with, this webinar.
StoneX APAC Pte. Ltd. (“SAP”) (Co. Reg. No 200616676W) is regulated as a Dealer (PS20190001002) under the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act 2019 for purposes of anti-money laundering and countering the financing of terrorism.
StoneX Financial (HK) Limited (CE No.: BCQ152) (“SHK”) is regulated by the Hong Kong Securities and Futures Commission for Dealing in Securities and Dealing in Futures Contracts.
StoneX Financial Pty Ltd (ACN 141 774 727) holds an Australian Financial Service License (AFSL: 345646) for Dealing in Securities, Exchange-Traded Derivatives Contracts, OTC Derivatives Contracts and Foreign Exchange Contracts, and is regulated by the Australian Securities and Investments Commission.
StoneX Securities Co., Ltd. (“SSJ”) (Co. Reg. No 010401047199) is regulated by the Japanese Financial Services Agency as a Type-I Financial Instruments Business Operator (Kanto Local Finance Bureau (FIBO)No.291’), is a member of the Financial Futures Association of Japan for dealing and broking FX and FX Option transactions, and is a member of the Japan Securities Dealers Association for dealing and broking stock indices and option transactions.
Trading swaps and over-the-counter derivatives, exchange-traded derivatives and options and securities involves substantial risk and is not suitable for all investors. Past performance of any futures or option is not indicative of future success. Indicators are not a trading system and are not published as a specific trade recommendation. The information herein is not a recommendation to trade nor investment research or an offer to buy or sell any derivative or security. It does not take into account your particular investment objectives, financial situation or needs and does not create a binding obligation on any of the StoneX group of companies to enter into any transaction with you. You are advised to perform an independent investigation of any transaction to determine whether any transaction is suitable for you. No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without the prior written consent of StoneX Group Inc.
The report/analysis herein is not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation.
© 2026 StoneX Group Inc. All Rights Reserved.
