Peru's coffee production will continue to decline in 2014
The Peruvian National Coffee Council recently announced that Peru's coffee production will continue to decline in 2014 due to the yellow rust disaster, which is expected to reach only 4.8 million piculs (46 kilograms per picul), down about 8 percent from 5.2 million piculs this year.
Annell Roman, chairman of the committee, said that the yellow rust in Peruvian coffee plantations will have a negative impact on coffee production for several years in a row.
Peruvian coffee production reached a record 7.2 million piculs in 2011, with exports earning US $1.6 billion; in 2012, it fell to 5.8 million piculs. This year, due to falling production and falling prices, coffee export revenue is expected to reach only 650 million US dollars.
According to the statistics of the Food and Agriculture Organization of the United Nations, Peru ranks eighth in coffee bean production in the world, with a coffee planting area of 430000 hectares, of which 155000 hectares are green and environment-friendly special organic coffee welcomed by the market. At present, Peru is the world's largest producer and exporter of high-quality specialty coffee. Last year, Peru produced 1.3 million piculs of specialty coffee, 65% of which were exported to the international market, and its main consumer markets include Europe, Japan, the United States and some Middle East countries.
The National Coffee Council predicts that Peruvian coffee production and exports are expected to start to pick up in 2015.
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