Scant Rainfall Recorded in Some Coffee-Producing Areas of Colombia, After strong Droughts
Scant Rainfall Recorded in Some Coffee-Producing Areas of Colombia, After strong Droughts
Coffee Network (Bogota)- Scant rainfall has been reported in some coffee-producing areas of Colombia but the majority of the seven coffee growers polled by Coffee Network said they need more rains to allow the proper development of the upcoming coffee harvest.
In the southeast of the Antioquia province, the largest producing area for this department- the second-largest producing province, two millimeters of rainfall was reported two days ago. The amount of rainfall is insignificant for large coffee plantations located in the municipalities of Bolivar, Andes among others, large coffee grower Juan Alvaro Arboleda said.
Coffee plantations from the southeast of Antioquia can withstand eight consecutive weeks without rainfall to allow a massive flowering, but those plantations need rainfall in March or April to ensure a proper harvest in September-December when they report their main harvest.
Coffee plantations in Bolivar recorded a good flowering on 24 December, and another one last week. They expect good flowerings in February
Antioquia also has a secondary harvest called mitaca. But that harvest is already damaged as coffee plantations are too dry, Arboleda noted.
Colombia has been experiencing intense drought since January with El Nino disturbances producing high temperatures. The El Nino weather pattern is expected to last until April, the IDEAM government weather office says. But February is expected to be the hottest month, Ideam added.
Out of the 1,100 municipalities that the country has, more than 90% of those are on red alert of potential forest fires. This number is almost twice as much as the 495 municipalities were on red alert, reported early last week. The red alert comes as the municipalities have reported for five consecutive days temperatures above the average, Ideam said.
Colombia's dry season usually comes in the first quarter, but so far 2024 has been hotter than usual due to El Nino.
Mauricio Rivera, general manager of the Huila coffee cooperative Coocentral, said rainfall has not been reported in Huila yet. He confirmed that some coffee plantations are spoiled with the intense weather. Rivera believes that if rainfall does not come soon, thousands of coffee-hectares in Huila will look the same.
Santander rainfall comes
In the eastern province of Santander, one of the department most affected by forest fires with over 500 hectares already destroyed by fires, a strong rainfall was recorded two days ago.
Maria Fernanda Rey, a large coffee grower in the municipality of La Mesa de Los Santos, said the rainfall came on the right time. The rainfall will allow coffee growers like her to fertilize the land of its plantations that were recently cut via the zoca method. She will also fertilize the land that is currently undergoing flowering.
“We are taking advantage of this rainfall that is a god’s gift to fertilize as this will ensure the proper harvest in the future,”she said.
In the Central province of Cundinamarca, about ten days ago recorded some rainfall in the town of Subia and three days ago a strong rainfall was recorded in Villeta, which mitigated the need for water and gave a small boost to the crops to sustain the small harvest that comes with the New Year
“Logically, at least three or four downpours would be needed in February to sustain the grains and begin to nourish the main harvest that arrives in May, in this part of the country, in the Sumapaz Region,” coffee grower Miguel Caldero from the Viota region said.
By Diana Delgado
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 over-the-counter (“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’ (“ECP”) 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 Adviser. References to 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 exchange-traded futures and options are made on behalf of the FCM Division of SFI . StoneX is a trading name of StoneX Financial Ltd (“SFL”). SFL is registered in England and Wales, Company No. 5616586. SFL is authorized and regulated by the Financial Conduct Authority [FRN 446717] to provide to professional and eligible customers including: arrangement, execution and, where required, clearing derivative transactions in exchange traded futures and options. SFL is also authorised 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 authorised & regulated by the Financial Conduct Authority 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 authorised by the Financial Conduct Authority. StoneX Group Inc. acts as agent for SFL in New York with respect to its payments services business. StoneX APAC Pte. Ltd. acts as agent for SFL in Singapore with respect to its payments services business. ‘StoneX’ is the trade name used by StoneX Group Inc. and all its associated entities and subsidiaries.
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.
© 2024 StoneX Group Inc. All Rights Reserved.