“The latest provisional outlook for total production in coffee year 2021/22 remains unchanged at 167.2 million bags, a 2.1% decrease as compared to 170.83 million bags of the previous coffee year. World coffee consumption is projected to grow by 3.3%, to 170.3 million 60-kg bags in 2021/22 as compared to 164.9 million for coffee year 2020/21. In 2021/22, consumption is expected to exceed production by 3.1 million bags. Supply and demand trends may be affected by variations due to the downturn in the world economy, increased cost of inputs and production as well import and consumption due to the conflict in Ukraine.”

https://www.ico.org/documents/cy2021-22/cmr-0322-e.pdf?utm_source=Public+List+-+GDPR+opt+in&utm_campaign=14473c3bef-Coffee+Market+Report+November+2020+%28Public%29_COPY_0&utm_medium=email&utm_term=0_903c73feb9-14473c3bef-422170981&mc_cid=14473c3bef&mc_eid=88c6a679bc