
Daily Coffee Report 8/11/26
Daily coffee report

- Coffee
By: Diana Delgado, Contractor
Colombia to Shortlist Three Candidates Today To Head FNC
Colombia Set to Shortlist Three Candidates Today To Head Coffee Growers Federation
Bogotá (Coffee Network )-The coffee committee of the coffee growers federation is set to shortlist today three names to decide in April during an extraordinary FNC meeting, who will be the next director of the coffee growers federation.
But the likelihood that the coffee committee will include the names of two women to the existing shortlisted list is high. Alejandro Corrales, a coffee grower and former senator said the coffee committee of Risaralda sent a letter to push for the inclusion of two women.
The National Coffee Growers committee is meeting since 8:00 a.m. today and the meeting should end around 2:00 p.m. local time, a source at the finance ministry said. The coffee growers committee is comprised by the finance minister, the Agriculture Minister, the Commerce Minister and the managers of regional coffee committees.
Of the three candidates, one must have the express and favorable vote of the Minister of Finance and one must be a woman.
The letter comes after the Finance Minister asked the coffee committee of the coffee growers federation FNC to include in the shortlisted list the names of two women.
People familiar with the situation said the two women most likely are Adriana Mejia and Maria Claudia Lacouture to choose with a broader list of women the three preselected candidates on Thursday.
The Finance Ministry said last week it will ask the Steering Committee of the National Federation of Coffee Growers to review the list of the shortlisted candidates. The Finance Minister wants to include a broader number of women so that on Thursday they have a larger list of preselected female candidates competing in the three shortlisted candidates, people familiar with the situation said.
Adriana Mejia, a former director of the FNC office in Europe, had been shortlisted eight years ago to head FNC. Mejia from the coffee producing region of Caldas has master degree in Business Administration at the Instituto de Empresas de Madrid (Spain).
The minister also wants to include Maria Claudia Lacouture, former minister of commerce, industry and tourism in the preselected candidates.
Last week, the Colombian coffee committee shortlisted seven candidates including Carlos Felipe Robayo Duque, former commercial manager at FNC and César Augusto Echeverry Castaño, former director of Tecnicafe, and current researcher at the International Center of Tropical Agriculture CIAT among seven pre-selected candidates to head FNC.
Colombia is selecting a new general manager of the coffee growers federation after president Gustavo Petro requested the resignation of incumbent director Roberto Velez, who led the institution since 2015.
Another name that emerged was Luis Fernando Mejia, incumbent director of think tank Fedesarrollo and former director of the government’s national planning department.
Other names that were preselected are Germán Alberto Bahamón Jaramillo, the only candidate from the Huila province, and incumbent general manager of Apple.
Mauricio Velásquez García was also shortlisted and Santiago Pardo, who was FNC’s representative in Asia.
The Challenges
Former senator Corrales said the new FNC manager will face several challenges, including ensuring more government funds to renovate at least 100,000 coffee hectares per year as for the past two years, renovation has been half of that amount.
Another challenge is trying to stop providing the funds to sustain the pension liability of the Flota Mercante Grancolombiana, , a marine shipping agency that no longer exists. But the Flota Mercante generates 57 billion Colombian pesos ($19 million) in yearly pension liabilities that are covered by FNC.
Another challenge is designing new mechanisms to ensure fair coffee prices to growers at times of low prices. The coffee stabilization fund today has more than COP300 billion Colombian pesos ($62,5 million) and the new manager may have to use it during times of low coffee prices.
Another challenge is improving the finances of coffee cooperatives, hit by breach of coffee deliveries in future contracts.
By Diana Delgado
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Daily coffee report


August 11 – It was generally a quiet night for the markets until early this morning when a headline hit that Iran and Oman were close to reaching a deal. Stock futures rallied, while the dollar index followed Treasury yields lower, along with active selling in the energy- and food-based commodities. The headline had limited impact though in a world that has become skeptical of promises of peace. Stock futures remain steady to firmer at this hour, while the VIX trades near 16 – just above 2026 lows. The dollar index is trading near 99.8 this morning, after recovering from its early morning selloff over the following hour of trade. Yields on 10-year Treasuries are trading near 4.69%, while yields on 2-year Treasuries trade near 4.22%. WTI crude oil is trading near $82 per barrel at this hour, while Brent trades near $88. The grain and oilseed markets are mostly weaker, after failing to recover from this morning’s early selloff that started in the crude oil market.


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