Total coffee production worldwide was estimated at 178 million bags for the 2023-2024 coffee year

Published 2024년 3월 21일

Tridge summary

According to the International Coffee Organization's February 2024 report, global coffee production for the 2023-2024 coffee year is projected to reach 178 million 60kg bags, a 5.8% increase from the previous year. Coffea arabica and Coffea canephora are expected to account for 57.4% and 42.6% of this production, respectively. Consumption is estimated at 177 million bags, resulting in a surplus of 1 million bags. South America, the largest coffee producing region, saw a 25.4% growth in exports in January 2024. The article also provides links to various coffee research resources, including Embrapa Café publications, Coffee Observatory analyses, and information about the Café Pesquisa Consortium.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The world harvest of Coffea arabica will be 102.2 million bags (57.4%) and of Coffea canephora 75.8 million (42.6%) in the period from October 2023 to September 2024 Worldwide coffee production, which was estimated for the 2023-2024 coffee year, is expected to reach a total physical volume equivalent to 178 million 60kg bags. Of this volume, 102.2 million bags, which are equivalent to 57.4% of the total, are planned for coffees of the Coffea arabica (arabica) species; and, in addition, this estimate foresees a harvest corresponding to 75.8 million bags for coffees of the species Coffea canephora (robusta+conilon), which will represent, if confirmed, 42.6% of the global production to be harvested. If this performance of the global harvest is confirmed, the supply of coffee will grow by around 5.8% compared to the previous coffee year. And yet, in this same context of global coffee farming, it is worth noting that the expected consumption was estimated at a total volume equivalent ...

Source: Embrapa