The International Coffee Organization (ICO) has predicted a slight increase in coffee production and consumption for the 2020/2021 season, with production estimated at 171.89 million bags, a 1.9% increase from the previous season, and consumption at 166.62 million bags, a 1.3% increase. However, the ICO cautions that global demand for coffee may only recover limitedly due to social distancing measures and a slow global economic recovery. This, along with a large surplus of 8 million bags predicted by a Reuters survey, may limit further increases in coffee prices later in the year, unless demand recovers faster than current forecasts.