Global Coffee Production on the Rise

Sept 17th 2008

The London-based International Coffee Organisation estimates that global coffee production in 2008/09 will reach about 131 million 60kg bags, up from a previous estimate of 128 million, according to Reuters Business News.

The revised estimate comes as Brazil’s Agriculture Ministry’s crop supply department, Conab, raised its estimate for Brazil’s 2008/09 coffee crop to 45.85 million bags, up from 45.5 million projected in May. The ICO estimates the 2007/08 global coffee crop unchanged at 118.2 million bags.

World coffee consumption was seen climbing to around 128 million bags this year if current growth rates continue, up from 124.7 million in 2007. The report didn’t give details on the expected implications for future coffee prices.

Tags: Coffee production, Global coffee

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