USDA: Global coffee production to increase by 6.6 million bags in crop year 2022-2023

Published 2023년 1월 12일

Tridge summary

The USDA forecasts a global increase in coffee production by 6.6 million bags to 172.8 million for the 2022-2023 crop year, primarily due to Brazil's arabica trees entering the harvest year. However, global coffee exports are expected to decrease by 3 million bags to 116.1 million due to declines in Brazil, Vietnam, and India, despite increased production in Honduras and Colombia. Global coffee prices have fallen by over 25% since February 2022. In Vietnam, production is forecast to reach 30.2 million bags, 1.4 million bags less than the previous record, due to increased fertilizer prices leading to reduced use and lower yields. Meanwhile, Colombia's arabica production is expected to increase to 12.6 million bags, and Indonesia's production to 11.4 million bags, with robusta production reaching 10 million bags. India's robusta production is also expected to increase to 4.9 million bags, making it the world's fifth-largest producer.

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Original content

Production increased by 6.6 million bags The USDA report said that global coffee production is forecast to increase by 6.6 million bags year-on-year to 172.8 million bags in the 2022-2023 crop year. Mainly because Brazil's arabica coffee trees enter the harvest year according to the biennial production cycle. Meanwhile, global coffee consumption is expected to increase by more than 800,000 bags to 167.9 million bags, with increases mainly in the European Union, the US and Brazil. Thus, world coffee supply will exceed demand by 4.8 million bags in the crop year 2022-2023. USDA also forecasts that world coffee exports will decrease by 3 million bags in the 2022-2023 crop year, to 116.1 million bags. Declines were recorded in Brazil, Vietnam and India but increased in Honduras and Colombia. Ending stocks are expected to increase by more than 1.5 million bags to 34.1 million bags. Amid improved supply, global coffee prices tracked by the International Coffee Organization (ICO) have ...

Source: Vinanet