Coffee: World Markets and Trade
2019/20 Forecast Overview
World coffee production for 2019/20 is forecast 5.4 million bags (60 kilograms) lower than the previous year to 169.1 million, due primarily to Brazil’s Arabica trees entering the offyear of the biennial production cycle. With global consumption forecast at a record 167.9 million bags, ending inventories are expected to retreat 2.8 million bags to 33.5 million. World exports are expected down 800,000 bags to 116.8 million as lower exports from Brazil more than offset higher shipments from Indonesia and Vietnam. Coffee prices, as measured by the International Coffee Organization (ICO) monthly composite price index, dropped 15 percent in the last year to 93.33 in May 2019, the lowest since September 2006.
World coffee production for 2019/20 is forecast 5.4 million bags (60 kilograms) lower than the previous year to 169.1 million, due primarily to Brazil’s Arabica trees entering the offyear of the biennial production cycle. With global consumption forecast at a record 167.9 million bags, ending inventories are expected to retreat 2.8 million bags to 33.5 million. World exports are expected down 800,000 bags to 116.8 million as lower exports from Brazil more than offset higher shipments from Indonesia and Vietnam. Coffee prices, as measured by the International Coffee Organization (ICO) monthly composite price index, dropped 15 percent in the last year to 93.33 in May 2019, the lowest since September 2006.