Global coffee production forecast to increase by 7.8 million bags in the crop year 2022-2023

Published 2022년 7월 6일

Tridge summary

Global coffee exports are expected to increase to 141.5 million bags, with higher exports from Brazil and Indonesia, despite severe weather conditions in arabica-growing regions. Brazil's arabica production is projected to rise to 41.5 million bags, while Vietnam's production is expected to decrease to 30.9 million bags. Colombian arabica production is expected to remain unchanged due to high fertilizer prices. European Union and US coffee imports are forecast to rise, accounting for 40% and 20% of the world's imported green coffee, respectively. Despite the increase in exports, prices have seen an upward trend in the first half of 2022.

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

Original content

Global coffee exports are forecast to increase by 1 million bags to 141.5 million bags thanks to higher exports from Brazil and Indonesia. In which, the export of green coffee was 118.2 million bags, up from 117.3 million bags of the previous crop. The remaining 18.3 million bags are instant coffee and 5 million bags are roasted and ground coffee. Ending stocks are expected to increase by 2.1 million bags to 34.7 million bags after a sharp drop in the previous season. In Brazil, arabica production is forecast to increase by 5.1 million bags to 41.5 million bags. Most of the production areas are in a biennial production cycle, so output is likely to be higher next season. However, this production is still far below the peak of nearly 50 million bags in recent seasons. Many arabica growing regions continue to recover from severe frosts in June and July 2021 as well as high temperatures and below-average rainfall through September 2021. Light frost was also observed last month, ...

Source: Vinanet