Global: Surprising numbers came to light about coffee

Published 2021년 10월 1일

Tridge summary

The article highlights the dynamic of the global coffee market, noting a rise in production to 172,461 bags in 2018/2019 from 113,746 bags in 2000/2001, only to face setbacks due to weather conditions and the COVID-19 pandemic, resulting in a decrease in production to just over 160,000 bags in 2020/2021. Despite these challenges, the demand for coffee remains strong, with over 2 billion cups consumed daily. Vietnam and Brazil, key coffee producers, are grappling with the delta variant and drought, respectively, causing supply chain disruptions. Although a coffee shortage is not imminent, price increases are anticipated. The finish underscores the varied coffee consumption patterns across countries and regions, with Finland leading as the highest per-capita consumer at 12 kilos annually.

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

Original content

More and more coffee is produced by exporting countries, which in the 2000/2001 season produced only 113746 bags of coffee (1 bag = 60 kg), but by 2018/2019, production had already increased to 172461 bags. According to the data of the CSO, the MTVA Press Archive and the MTI, 2019/2020 was followed by a worse year due to weather extremes, when the world's coffee production decreased by more than 7,000 bags, and this trend continued last year when the coronavirus epidemic hit. In 2020/2021, just over 160,000 bags of coffee were grown in the world. According to experts, this year could be a turning point for the future of the coffee sector. In Vietnam, the world’s second-largest coffee-exporting country, serious measures have been put in place due to the delta variant of the coronavirus, tightening the closure in the port of Ho Chi Minh City as early as June and imposing restrictions on certain coffee-producing areas. Since these measures, there have been disruptions in the supply ...

Source: Agrarszektor