Source Pravda.Ru

Colombian coffee growers see export revenue rise 58 percent

Colombian coffee export revenue rose 58 percent to US$1.6 billion (Ђ1.36 billion) in the 2004-2005 coffee season _ the highest in seven years _ due to higher global prices and increased production of organic and gourmet beans, officials said Wednesday.

"It was a year of recovery for the coffee sector," Gabriel Silva, head of Colombia's National Coffee Federation, said at the organization's annual conference in Bogota.

Prices averaged US$1.14 per pound in the 2004-2005 coffee season, which runs from October to September, up from 77 cents per pound in the 2003-2004 season.

The increase follows a five-year price slump due to global overproduction that impoverished coffee farmers worldwide.

Silva said Colombia is increasingly focusing on producing high-quality organic beans that earn a greater profit.

Despite the revenue increase, Colombian coffee producers lost US$120 million (Ђ102 million) this year because of the weakness of the U.S. dollar against the Colombian peso, Silva said.

Coffee is Colombia's third-largest export after oil and coal, AP reported. V.A.

The Online world was filled with "outrage" over the fact that Donald Trump's chief propagandist, Sarah Huckabee Sanders, had been asked to leave a restaurant

The Sarah Huckabee Sanders scam