ICO: World coffee output in crop year 2020 - 2021 is forecast to increase by 1.9%

Published 2021년 2월 6일

Tridge summary

Global coffee exports increased by 1.5% in December 2020 compared to the previous year, reaching 10.97 million bags. The first three months of the 2020-2021 crop year saw a 6.1% increase in exports, with arabica exports rising by 14.1% and robusta exports falling by 6.8%. Despite a slight decrease in global coffee production in the 2019-2020 crop year, mainly due to a decline in Brazilian arabica production, a 1.9% increase is expected in the 2020-2021 crop year. This is driven by an estimated 5.2% increase in arabica production, largely from Brazil and Colombia, despite a predicted 2.6% drop in robusta production, primarily in Vietnam. However, global coffee consumption decreased by 2.4% in the 2019-2020 crop year due to an economic slowdown and COVID-19 measures, though a slight increase is anticipated in the 2020-2021 crop year. This comes as global coffee production is projected to exceed demand, leading to a surplus of 5.27 million bags by the end of the 2020-2021 crop year.

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

Original content

According to the ICO, global coffee exports in December 2020 reached 10.97 million bags, an increase of 1.5% compared to December 2019. Coffee exports in the first three months of the 2020-2021 crop year reached 31.59 million bags, 6.1% higher than the October-December 2019 period. In which, arabica exports increased by 14.1% to 20.95 million bags and robusta exports decreased by 6.8% to 10.64 million bags. In the crop year 2019-2020, global coffee production is estimated at 168.68 million bags, 0.9% lower than in the previous crop due to the decline in Arabica production from Brazil. In the 2020-2021 crop year, world coffee production is forecast to increase 1.9% to 171.9 million bags. Arabica production for 2020-2021 is estimated to increase by 5.2% to 101.88 million bags, supported by an increase in Arabica production from Brazil as the country enters a biennial production cycle, as well as growth from other major arabica producing countries such as Colombia. However, robusta ...

Source: Vietnambiz