In marketing year (MY) 2022/23, Colombia's coffee production is forecast to remain unchanged at 13 million bags of green bean equivalent (GBE). Although weather conditions are expected to be normal, crop productivity has the potential to be negatively impacted as a result of lower fertilizer use due to rising prices. Colombia's economy is projected to continue growing in 2022, but current uncertainty and high food inflation rates will likely slow down consumption which is forecasted to remain flat at 2.2 million bags GBE in MY 2022/23. Paralleling stagnant production, exports are forecast to remain unchanged at 13.0 million bags GBE in MY 2022/23. Coffee imports are forecast to slightly increase in MY 2022/23 to 1.9 million bags GBE to support domestic consumption and continued strong levels of exports
Mexico: Coffee Annual
Mexico coffee production for marketing year (MY) 2022/23 is projected at 3.84 million 60 kg/bags, on optimal weather conditions during the fruit development stage in the top producing states that will improve yields, and sustained strong global prices that will incentivize optimal harvest. Although production is forecast up slightly, producers are unable to take full advantage of heightened prices to further increase production due to consistently rising input prices, including fertilizers, fungicides, and lower available labor. The increased costs of purchasing basic food commodities and continued economic uncertainty are likely to dampen efforts to increase domestic coffee consumption
India: Coffee Annual
Post forecasts marketing year (MY) 2022/23 coffee production (Oct/Sep) to increase by 3.8 percent to 5.74 million 60-kilogram bags. Above normal pre-monsoon rains coupled with expectations of an early onset of normal monsoon are expected to improve yields, especially for Robusta in major growing regions. Farmgate prices are trading at decade high rates; however, producers continue to face rising input costs. Post forecasts exports to increase by 2.4 percent to 5.98 million 60-kilogram bags, but supply chain issues persist. The rise of specialty cafes is leading to the emergence of a new generation of coffee drinkers, but inflationary pressures may disrupt consumer spending. Stocks will likely remain limited due to strong export prospects
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