Daily Coffee Report 8/11/26
Daily coffee report
StoneX Coffee Team
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Uncertainty Surrounds Future of Contract for Colombia’s National Coffee Fund Set to Expire on July 7
By: Diana Delgado, Contractor
Uncertainty Surrounds Future of Contract for Colombia’s National Coffee Fund Set to Expire on July 7
Coffee Network (Bogotá) — Rumors are growing that the administration of outgoing president Gustavo Petro may introduce some changes on the contract for the administration of Colombia’s National Coffee Fund (FoNC), currently managed by the Colombian Coffee Growers Federation (FNC), which is set to expire on July 7, two sources with knowledge told Coffee Network.
President Gustavo Petro’s administration has expressed interest in revising how the FoNC is managed, with a particular focus on increasing state oversight of parafiscal resources. The approaching renewal of the administration contract—originally structured on a 10-year cycle and due for renewal in 2026—has heightened tensions with the FNC, which is defending its autonomy and historical role in managing the fund.
Guillermo Trujillo, a former FNC employee, who currently writes editorials on coffee, said there are rumors that the outgoing government most likely will made changes on the contract. Trujillo, although, said it is unknown what kind of changes will be implemented.
With the Petro’s administration set to end of August 7, his administration is not interested in managing the $90 million-$100 million annual that FoNC gathers every year. Instead, the government wants to install public policy changes on the management of the contract, Trujillo told Coffee Network.
“There are rumors they want to make changes to the contract. It is an issue on imposing a public policy criteria on the management of the fund, “ he told Coffee Network without specifying what kind of changes would be implemented.
The risk associated with the expiration of the contract is that if not renewed, the contract enters an interim period during which resources are frozen, since the contract is not automatically renewed, said another top coffee expert, who declined to identified said.
“If the contract expires and there is no agreement, the contract get frozen with no possibility for FNC of touching those resources,” he said.
In this interim period, FNC would lose the legal authority to administer those resources, which in turn would limit its ability to purchase coffee, conduct exports , while it will not have the ability to manage funds for technical farm assistance nor research, said the top coffee analyst.
This interim period will likely end once a new pro-coffee government takes office on August 7. Colombia's far-right candidate Abelardo de la Espriella won the first round of presidential elections, yet he will face leftist Ivan Cepeda will face in a run-off vote for the presidency on 21 June. FNC will have to negotiate with the new government the administration of FoNC.
De la Espriella won the first round with 43.8% of the vote, equivalent to about 10.36 million ballots, while Cepeda, widely viewed as the candidate most closely aligned with Petro's administration, secured 41.13%, or 9.68 million votes, according to the national registry office .
This coffee analyst said German Bahamon has done well in keeping a low profile on the issue about the contract expiring on 7 July. He said such low profile is key in a bid to do not create tension with the outgoing government. This analyst coincided with Trujillo who said as Petro’s administration ends in August, this administration is not pursuing controlling the $100 million in funds managed by FoNC.
The Petro’s administration is also preventing to turning the 560,000 coffee-growing families against oneself, ahead of the second-round of elections on 21 June.
Distance between FNC and the government is evident as they meet every six months, when they used to meet every week a decade ago, he added.
In past years, other parafiscal funds have shifted under greater government control. For example, the National Cattle Fund (FNG), long administered by Fedegán, was taken over by the government in 2016 through the Ministry of Agriculture and later assigned to a public entity (the National Meat and Dairy Account). Similarly, the National Pork Fund has also operated under closer state oversight, with periods of increased government intervention.
The FoNC was created to channel earmarked resources into strengthening Colombia’s coffee sector. It operates under a decentralized public-private framework established by law, with its administration contract renewed every 10 years—an arrangement that has periodically renewed debate over its performance, according to FNC General Manager Germán Bahamón.
However, the Ministry of Agriculture stated during the National Coffee Congress in December that these resources are public in nature.
“The country must understand—and producers must understand—that all contributions they pay are public resources which, under the law, are administered by a private entity. As public funds, they have a specific purpose that must be fulfilled,” said Agriculture Minister Martha Carvajalino during the event’s opening session.
The statement reinforces the government’s position that, although the federation is a private entity, it manages public funds and must therefore be fully accountable for their use. With contract renewal approaching and internal coffee sector elections on the horizon, transparency is expected to play a central role in the debate.
By Diana Delgado
Sources: Guillermo Trujillo, top coffee analyst, minister of agriculture.
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Daily Coffee Report 8/10/26
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StoneX Coffee Team
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