What’s ahead for the international coffee industry?
The USDA recently released their biannual report, which includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in coffee.
Key highlights from the 2016/17 forecast include:
- World coffee production for 2016/17 is forecast 3.7 million bags higher than the previous year to 156.6 million bags (60 kilograms), as record Arabica output in Brazil more than offsets lower Robusta production in Brazil, Vietnam, and Indonesia.
- Global consumption is forecast at a record 153.3 million bags, drawing ending inventories to a 5-year low, particularly in producing countries.
- World exports are expected to slip from last year’s record primarily due to lower shipments from Vietnam, Indonesia, and Brazil.
- The United States imports the second-largest amount of coffee beans worldwide, and is forecast down 300,000 bags to 24.8 million.
Visit the National Coffee Association for more U.S. coffee market research.