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ICO: Global Production/Consumption
Posted by Tango
on March 3, 2020, 7:23 am
In 2019/20 world coffee production is estimated at 168.86 million bags, a decrease of 0.8% on 2018/19. Arabica production is estimated 3.9% lower at 96.37 million bags while Robusta output is estimated 3.7% higher at 72.5 million bags. World coffee consumption is estimated 169.34 million bags, 0.7% greater than in 2018/19, following a year of exceptional consumption growth in Europe and North America. In coffee year 2019/20, a deficit of 0.48 million bags is currently estimated, however Covid-19 presents considerable downside risk to global coffee consumption.