Brazilian coffee production rises but global consumption falls

In the past year, global daily coffee consumption has experienced an abnormal decline. Brazil, Vietnam and Colombia, the three major coffee exporting countries, have been hit by bad news. At the same time, due to drought caused by the El Niño climate phenomenon, coffee growers are increasingly worried. This also brings challenges to the future market of coffee. ​ Compared with the previous year, Brazil's coffee production last year was a bumper season, reaching 64 million bags (60 kilograms per bag). Brazil is the leader of the global coffee industry, and its production has a significant impact on global market prices. World coffee prices It is usually subject to Brazil's output and the weather conditions during the local coffee production ...