Monday 04 December 2023

USDA sees record 2017/18 coffee demand, stocks at 6-year low

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WASHINGTON, U.S. – World coffee production for 2017/18 is forecast at 159 million bags (60 kilograms), unchanged from the previous year, as lower output in Brazil is offset by higher production in Vietnam, Mexico, and Indonesia as well as slight increases in most other countries, the US Department of Agriculture (USDA) said on Friday.

Similarly, world exports of green coffee are expected steady, totaling 111 million bags. With global consumption forecast at a record 158 million bags, ending inventories are expected to slip to 34 million bags after being higher the previous 5 years.

Brazil’s Arabica output is forecast to drop 5.1 million bags to 40.5 million. Coffee trees in top growing regions Southern Minas Gerais and Sao Paulo have shown excellent vegetative development and vigor, and growers have intensified crop management, particularly pruning.

Also, adequate rainfall has supported fruit development and filling. However, production potential is expected to drop compared to the previous season since a majority of trees are in the off-year of the biennial production cycle.

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