The company has also been beset by a range of operational problems, with earnings continuing to be hit by a softening Colombian peso, leaving the market to assume the worst.
Local manufacturing and exports have strengthened since 2014, when the dollar started gaining strength against the Colombian peso, giving the country a competitive edge.
Growers are struggling to recover from massive flooding, diseased trees, diminished yields, cratering international prices and an overvalued Colombian peso that reduces the value of coffee exports.
The improved political and stability situation has attracted billions of dollars in foreign investment making the Colombian peso one of the strongest currencies in the region.
