“In coffee year 2020/21, global production is estimated to rise by 1.9% to 171.9 million bags with Arabica production growing by 5.2% to 101.88 million bags. World coffee consumption is projected to increase by 1.3% to 166.63 million bags in 2020/21 as social distancing measures remain in place, limiting out-of-home consumption, and the global economy recovers at a slow pace. Coffee year 2020/21 is projected to end with a surplus of 5.27 million bags as growth in supply outpaces demand”

http://www.ico.org/documents/cy2020-21/cmr-0221-e.pdf?utm_source=Public+List+-+GDPR+opt+in&utm_campaign=a20449ad4b-Coffee+Market+Report+November+2020+%28Public%29_COPY_0&utm_medium=email&utm_term=0_903c73feb9-a20449ad4b-422170981&mc_cid=a20449ad4b&mc_eid=88c6a679bc