Colombian Coffee, Mexican Car Production Slump

A roundup of Friday’s news from across Latin America

Bloomberg Línea
February 04, 2022 | 09:45 PM

Bloomberg Línea — Colombian coffee production dropped by 20% in January in comparison with the same month of 2021, totaling 868,000 60 kg bags, the country’s national federation of coffee growers reported on Friday.

Mexico’s automotive industry recorded its seventh consecutive month of vehicle production and export declines due to the effects of an increase in Covid contagion and the persistent shortage of semiconductors.

On the region’s stock markets, Brazil Ibovespa (IBOV) was the best performer, closing 0.49% on Friday and returning to positive territory after two consecutive days of losses. Locaweb (LWSA3), Petro Rio (PRIO3) and Cielo (CIEL3) shares performed well, along with those of Petrobras (PETR4) and Vale (VALE3), buoyed by international oil prices.

The Mexican stock exchange rose 0.22%, recovering from Thursday’s fall, after having been affected by the slump in the U.S. stock markets.

Following is a roundup of Friday’s news from Bloomberg Línea and Bloomberg reporters across Latin America.





Photographer: Edinson Ivan Arroyo Mora/Bloombergdfd



The refinery under construction at Dos Bocas in the southeastern Mexican state of Tabasco is reportedly less than 1% completed. Photographer: César Rodríguez/Bloombergdfd



This is how the region’s markets closed on Friday, February 4: