2018, Coffee Production Is going To Increase

Ico: In 2018 Coffee Production Is Projected To IncreaseIn November 2017, the ICO composite indicator price (averaged 117.26 US cents/lb) continued to decline (down 2.3% from the average price in October). The Arabica group indicators were generally stable in November. For the Robusta group the monthly average decreased by 7.2% to an average of 91.33 US cents/lb.

In October exports were 11.4% lower than the same month last year at 8.8 million bags:

  • Arabica was9% lower at 5.7 million bags
  • Robusta declined to 3.10 million bags, 14% lower than last year, due largely to an estimated 30.3% decrease in exports from Vietnam.

However the world coffee production in 2018 is preliminary projected to increase by 0.8% to 158.69 million bags. Regarding coffee production in some countries:

  • In South America it is projected to decrease by 3.1% due in part to the lower than expected output in Brazil in the year 2017/18
  • Africa’s output could increase by 4.1%, led by ongoing growth in Uganda where its replanting efforts in recent years are beginning to bear fruit
  • In Asia & Oceania it is expected to grow by 4.4% as beneficial weather and adequate water supplies during the initial stages of growth are expected to boost yields in Vietnam, the largest regional producer and second largest globally
  • In Central America & Mexico it is expected to expand by 4.3%, as some of these countries have recovered from the outbreak of coffee leaf rust several years ago.

CoffeeBI Editorial Team

We are a small group of people committed to bringing or selecting unique stories on the B2B coffee industry. We work with CoffeeBI analysts, researchers, and coffee experts from several parts of the globe.

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