The ICO launches a new report and revises its calculation of the global coffee consumption

Published 2023년 4월 18일

Tridge summary

The International Coffee Organization reports a slight decrease in global coffee production for the 2021/22 coffee year, primarily due to adverse weather conditions in major producing countries. However, a rebound is expected in the 2022/23 coffee year. In Africa, production slightly increased, with notable increases in Togo and Ethiopia, despite challenges in other countries like Uganda and Cameroon. Robusta production, mainly from Vietnam, also saw an increase. Global coffee consumption increased by 4.2% in the 2021/22 coffee year, driven by the post-COVID era and strong economic growth, with a projected slight increase to 178.5 Ms in the 2022/23 coffee year.

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

Original content

World coffee production decreased by 1.4% to 168.5 million bags (Ms) in the 2021/22 coffee year, a low year in the coffee plant's vegetative cycle but also because several major producing countries have experienced adverse weather conditions. However, this production is expected to rebound by 1.7% and reach 171.3 Ms in 2022/23, underlines the International Coffee Organization (ICO) in its first semi-annual report issue Coffee Report and Outlook (CRO) that it has launched on Friday. How does coffee Africa stand? In terms of production, the volumes harvested on the continent fell less than world production in 2021/22, around -0.8% against -1.4% for the whole planet, which allowed the Africa with its 19.1 Ms to slightly increase its place on the global coffee scene, to 11.4% against 11.3%. If at the continental level, production is therefore relatively stable from one campaign to another, the situation by country shows major changes. Togo's "quiet renaissance" Ivory Coast is the only ...

Source: Commodafrica