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USDA PUTS 2017/18 PRODUCTION AT 159 MILLION BAGS

USDA PUTS 2017/18 PRODUCTION AT 159 MILLION BAGS



The US Department of Agriculture (USDA) has forecast world coffee production for 2017/18 at 159 million bags, unchanged from the previous year, as lower output in Brazil is offset by higher production in Vietnam, Mexico, and Indonesia as well as slight increases in most other countries.

Similarly, world exports of green coffee are expected to remain steady, totalling 111 million bags.

With global consumption forecast at a record 158 million bags, ending inventories are expected to slip to 34 million bags after being higher the previous five years.

Brazil’s Arabica output is forecast to drop 5.1 million bags to 40.5 million.

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