Post forecasts marketing year (MY) 2021/22 coffee production (Oct/Sep) to increase by 5 percent to 5.41 million 60-kilogram bags. Above normal pre-monsoon rains coupled with expectations of a normal monsoon are expected to improve yields, especially for Robusta in major growing regions. Exports are estimated at 5.68 million 60-kilogram bags due to robust demand in Europe and the United States. This export increase will lead to tighter stocks. Domestic coffee consumption is estimated at 1.2 million 60-kilogram bags, driven by at-home consumption as the hospitality sector remains closed due to COVID-19 lockdown measures.
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