ICO: Global coffee output in the 2019-2020 crop year will decrease by 1.6% compared to the previous crop year

Published 2020년 12월 5일

Tridge summary

Global coffee exports in October 2020 increased by 3.2% compared to the same month in 2019, with Robusta exports rising 10.4% and arabica exports falling 0.3%. However, total world coffee exports for the first 10 months of the year were 3.8% lower than the previous year. The 2019-2020 crop year saw a slight decrease in global coffee output, with Robusta production increasing by 3.2% and Arabica production decreasing by 5.1%. Brazil experienced a decline in coffee production, while Colombia and Peru saw decreases in arabica coffee production. Africa's production remained steady, with Ethiopia and Uganda experiencing increases in harvest. Global coffee consumption is estimated to have decreased by 0.9% from October 2019 to September of the same year, leading to an expected surplus of 961,000 bags and limiting the recovery of the ICO synthetic coffee price index for the 2019-2020 crop to an average of 107.25 US cents / lb.

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

Original content

According to the ICO, global coffee exports in October, the first month of crop year 2020-2021, reached 9.67 million bags, up 3.2% compared to October 2019. Robusta exports rose 10.4% to 3.34 million bags while arabica exports fell 0.3% to 6.33 million bags. In October, arabica coffee exports in Colombia saw the biggest drop, down 12.3% to 1.16 million bags, while in other countries besides Colombia and Brazil (Other Milds) fell 6% to 1. , 43 million bags. In contrast, arabica coffee exports in Brazil increased by 6.7% to 3.74 million bags compared to October 2019. The depreciation of the Brazilian Real against the US dollar is one of the factors driving Arabica exports in Brazil higher, while robusta exports are supported by increased demand for instant coffee. In the first 10 months of this year, total world coffee exports were 3.8% lower at 107.08 million bags compared with 111.28 million in the same period last year. Exports of all coffee groups decreased, with the exception ...

Source: Vietnambiz