June 05 2019
The National Coffee Institute in Honduras have reported that the countries coffee exports for the month of May were 308,925 bags or 41.32% higher than the same month last year, at a total of 1,056,516 bags. This they say has contributed to the country’s cumulative coffee exports for the first eight months of the present October 2018 to September 2019 coffee year to be 1.9% lower than the same period in the previous coffee year, at a total of 4,804,263 bags.
The United States Department of Agriculture’s Foreign Agricultural Service USDA have forecast that Tanzania is due to see its coffee production for the forthcoming July 2019 to June 2020 coffee year to be 50,000 bags or 3.85% lower than the previous crop, at a total of 1,250,000 bags. This they say, shall be related to the production of 650,000 bags of arabica coffee and 600,000 bags of robusta coffee.
This report in terms of both the official new crop forecast and many trade and industry forecasts, would appear to be quite ambitious. As most forecast a relatively sharp dip in coffee production for the new coffee crop in Tanzania, with indications that it might struggle to exceed 800,000 bags. With indications that arabica coffee production might only be approximately 500,000 bags and robusta coffee production to be sharply lower, at around 300,000 bags.
The International Coffee Organisation ICO have reported that global coffee exports for the month of April were 4.6% higher than the same month last year, at a total of 10.73 million bags. This they say has contributed to global coffee exports for the first seven months of the present October 2018 to September 2019 coffee year to be 4.4% higher than the same period in the previous coffee year, at a total of 74.01 million bags.
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