The USDA expects an increase in the world coffee production and consumption in 2024/25

Published 2024년 6월 21일

Tridge summary

The USDA's June report projects a 4.2% increase in global coffee production in 2024/25, reaching 176.235 million 60-kilo bags, with Brazil as the main contributor. Globally, consumption is also expected to rise by 1.8% to 170.634 million bags, resulting in a surplus of 5.601 million bags. However, a decrease in the conilon harvest in Brazil is expected to result in a downward correction in the harvest estimate, potentially leading to higher prices. The Arabica harvest is also ahead of previous periods, with 35% already harvested.

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

Original content

The United States Department of Agriculture (USDA) released this Thursday, 20th, its June report on the world coffee market. The USDA projects that world coffee production in 2024/25 will reach 176.235 million 60-kilo bags, an increase of 4.2% compared to the 169.180 million bags of the previous season. Global coffee consumption is also expected to grow, reaching 170.634 million bags in 2024/25, an increase of 1.8% compared to the 167.540 million bags consumed in the previous season. As a result, there will be a surplus of 5.601 million bags in 2024/25, compared to the surplus of 1.640 million bags recorded in 2023/24. Final coffee stocks are expected to rise to 25.784 million bags, against 23.933 million bags in the previous year. Brazil is the main driver of this increase in production, due to the high production cycle of the Arabica crop. Brazilian production in 2024/25 is estimated at 69.9 million bags, an increase of 3.6 million bags compared to 2023/24. The arabica harvest ...

Source: Portal Do Agronegocio