Demand for coffee in non-producing countries showed a healthy recovery in the first quarter, although there are signs of possible slowdowns in demand in Russia and China for the next few quarters, analysts at Rabobank said in a report on Friday. The report said the “coffee disappearance”, a term that indicates the amount of non-coffee producing countries that are actually consuming and not packaging for re-export, rose 6.9% in the first quarter compared to the same period a year ago. The area of the European Union plus the United Kingdom had a larger increase, of 9%, while the United States had a jump of 4.6% and in Japan, 5.1%. Rabobank said the numbers are still not big compared to pre-pandemic levels. The first-quarter result was only 0.6% higher than two years ago (first quarter of 2020). Analysts said Russia's war in Ukraine and Chinese lockdowns due to Covid could hurt demand for coffee in those countries.
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Demand for coffee in non-producing countries showed a healthy recovery in the first quarter, although there are signs of possible slowdowns in demand in Russia and China for the next few quarters, analysts at Rabobank said in a report on Friday. The report said the “coffee disappearance”, a term that indicates the amount of non-coffee producing countries that are actually consuming and not packaging for re-export, rose 6.9% in the first quarter compared to the same period a year ago. . The area of the European Union plus the United Kingdom had a larger increase, of 9%, while the United States had a jump of 4.6% and in Japan, 5.1%. Rabobank said the numbers are still not big compared to pre-pandemic levels. The first quarter result was only 0.6% higher than two years ago (first quarter of 2020). Analysts said Russia's war in Ukraine and Chinese lockdowns due to Covid could hurt demand for coffee in those countries. They also said high retail prices could hurt demand in Brazil, one ...
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