The ministries of Agriculture and Finance announced a five-month extension of the Coffee Price Stabilization Contract to protect producers' incomes.
The extension was adopted after talks between the national government and the Federación Nacional de Cafeteros. The goal is to maintain stabilization mechanisms while a new contract is negotiated.
Negotiations covered issues including the budgetary autonomy of the Coffee Price Stabilization Fund, democratization of the Steering Committee under Law 1969 of 2019, and adjustments to responsibilities among the parties.
The ministries stated that the progress will serve as a basis for the next administration to sign a new agreement. They reiterated their commitment to participatory management and dialogue with actors in the production chain.
