Daily Coffee Report 8/13/26
Daily coffee report
StoneX Coffee Team
- Coffee
Fertilizer Prices Weight on Coffee Farmers, Colombia Scraps Tariffs on Fertilizers, Inputs
By: Diana Delgado, Contractor
Fertilizer Prices Weight on Coffee Farmers, Colombia Scraps Tariffs on Fertilizers, Inputs
Fertilizer Prices Weight on Coffee Farmers, Colombia Scraps Tariffs on Fertilizers, Inputs
Coffee Network (Bogota)- Fertilizer prices are weighing on farmers across Colombia, making more expensive to grow coffee but the government approved a law that scraps tariffs on imports of agricultural inputs, including fertilizers and subsidy fertilizers to small and medium-sized producers.
The costs of fertilizers for a coffee grower and exporter with 35,000 coffee trees jumped 127% in December on the year, according to information provided by the coffee exporter Nicolas Ossa Duque who owns a coffee farm and exports beans.
Ossa Duque spent COP9.547 million Colombian pesos (US$2,386) to fertilize 35,000 coffee trees in December 2021, up from COP4.2 million pesos in December 2020.
This implies that Ossa Duque overspent COP5.348 million pesos more to fertilize the same number of trees. The highest cost went to Nutrimon in which it spent COP6.19 million, following by DAP with COP1.63 million and Urea with COP1.26 million.
Ossa stresses that they must fertilize three or four times per year, prompting some coffee growers to use fertilizers more sparingly due to high prices.
Fertilizer prices have as much as doubled in less than a year as a result of high demand and rising oil and natural gas prices. Even though future fertilizer prices are seen falling, prices are still "outrageous," Ossa said.
Until recently production costs for a coffee grower ranged between COP850,000 and COP950,000 pesos, but the coffee growers federation did not provide a more updated figure for those production costs.
Future prices for urea show a downward trend. A tonne of urea would likely cost US$479.51 in September, down from $643.75/t in February, according to StoneX figures. Futures of DAP also shows a downward trend. DAP is expected to cost US$744.06 in May, down from US$801.93, StoneX’s figures show.
Law Scraps Tariffs on fertilizers
Colombian President Iván Duque announced early in February that the Agricultural Inputs Law was approved, which allows the creation of a fund to benefit small and medium-sized producers, as well as promote the use of environmentally friendly fertilizers and fertilizers, among other issues.
This new fund will have resources close to COP70 billion during the first year, and it will be financed with 10% of the profits generated by the Agrarian Bank of Colombia in 2021, funds from the General Budget of the Nation and voluntary contributions from public law persons.
This law, which was promoted by the Ministry of Agriculture and Rural Development, arises in the midst of the global panorama of rising commodity prices, in particular, those necessary for the production of inputs, their transportation and marketing.
In addition, it establishes 0% tariffs for imports of agricultural inputs including fertilizers, with the intention of improving the profitability of national producers.
In turn, it is expected that the new Law will create an observatory for the market of these inputs in order to have more detailed information about it and strengthen price surveillance.
According to the Ministry of Agriculture, the market for agricultural inputs in Colombia moves around COP4.94 trillion each year. "Of these resources, COP2.37 trillion are for the fertilizer segment; COP1.54 trillion for pesticides; and COP1.03 trillion for veterinary drugs and vaccines," the ministry said.
"Colombia becomes the first country to have a law that allows facing the situation of input prices and strengthening the ecological transition towards a more sustainable agriculture," said the Minister of Agriculture and Rural Development, Rodolfo Zea.
Coffee growers consulted by Coffee Network have not yet benefitted from the recently approved law.
By Diana Delgado
- Coffee
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Daily Coffee Report 8/12/26
Daily coffee report
StoneX Coffee Team
- Coffee
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