We have spoken on the height of the international prices of the nutritional commodities and the raw materials much that benefit to the Latin American economies. The growth of the international prices grants a great dynamism to the production of the agro-exporter countries, or at least, thus it would have to be in theory. In some countries, nevertheless, other factors come together neutralizing the phenomenon. So it is the case of the paradoxical situation that they cross the Colombian producers of coffee. Nowadays, a coffee pound is pleased in the international market in entrono of US$ 1,6. During the 2005, the price average was placed in US$ 1 and in 2002, they got to be placed in

0.58 US$ the pound. The growth of the emergent countries as China and India and the generalized rise of the agrarian prices took to that the coffee was revalued lately of significant form. Paradoxically, a greater competitiveness did not come prepared from majors benefits for the producers. The problem happens through the increasing revaluation of the Colombian currency. The fall of the dollar dragged to the loss the type of nominal change. The monetary policy, far from to try to contract that difference and to allow to majors benefits for the exporting heading, decided to take advantage of the fall the international rates of interest to attract capitals the country. With that objective, the government lifted the interest rates of reference until leaving them up to seven points over those of the United States. The great affluence of capitals in dollars generated an excess of supply of currencies that made fall the slate quotes still more. The high competitiveness made possible by the increase of the international prices vanished completely by the fall of the type of change. In dollars, the production is worth more face, nevertheless, in weights, each dollar is cheaper and that causes that the producers do not feel international the inflationary phenomenon. The government of Uribe tries this way to restrain the inflation and abrir the doors from Colombia to the foreign investment, so necessary in Latin America. Nevertheless, the economic and social cost of the measurement can get to be excessive, still more, considering that good part of the local production has not seen grow its prices at international level in the same proportion that the coffee.