By Marvin G. Perez
Coffee output in Peru, the third- largest producer in South America, may rise 20 percent next year as trees enter the higher-yielding cycle of the biennial crop, an industry group said.
“Production may increase to 4.56 million bags from 3.8 million estimated for this year,” Eduardo Montauban, the head of Peru’s Coffee and Cocoa Chamber, said yesterday in a telephone interview from Lima. In 2011, output rose to a record 5 million bags, he said.
Coffee-export income in 2012 may drop to $950 million from the all-time high of $1.578 billion last year, Montauban said. Germany is the biggest buyer, followed by the U.S., Belgium and Colombia, he said.
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