Flower producers in Antioquia seek aid amid dollar devaluation

Flower producers in eastern Antioquia, Colombia, are requesting urgent government intervention as the devaluation of the US dollar against the Colombian peso threatens the sector's stability. Latin Flowers, a company based in La Unión that works with 160 small and medium-sized producers, has called upon President Abelardo de la Espriella and his cabinet to address the economic crisis.

The decline in the exchange rate is identified as the primary source of instability for exporters. The dollar has seen a significant downward trend in 2026, dropping from an average of 4,071.28 pesos in 2024 and 4,052.86 pesos in 2025 to an average of 3,526.79 pesos so far this year. On August 24, the representative market rate (TRM) hit a seven-year low of 3,048.12 pesos.

Currently, the exchange rate is around 3,126.08 pesos, representing a devaluation of more than 16.79% since January, when it stood at 3,757.08 pesos. Industry leaders warn that the loss of exchange margins puts the livelihoods of thousands of families dependent on agricultural activity at risk.