Talk about coffee and which country comes to your mind almost instantaneously. Perhaps some country from the lush lands of Latin America? That’s a no-brainer, considering how coffee, to them, has been a way of life. Gateway to South America,
According to Cecafé monthly report, Brazilian coffee exports recorded a decrease of 24.3% in February 2020: 2.7 million bags compared to over 3.5 million recorded in the same month of 2019. Arabica coffee represented 81.5% of total exports in February with 2.2 million bags shipped. Instant coffee made up 10.4% to 281,000 bags. Robusta coffee contributed 8.1% of exports with 219,000 bags, an increase of 3.3% on an annual basis. The main destinations for Brazilian coffee were the United States, Germany and Italy.
According to preliminary estimates published by International Coffee organization world coffee numbers has decreased compared to last year.
World coffee consumption is estimated 169.3 million bags, 0.7% greater than in 2018/19 but Covid-19 presents a risk to global coffee consumption.
Despite the previous Ico’s previsions, which forecasted an increase in coffee production, according to the recent Ico’s report, in 2018, Global coffee production was estimated at 158.56 million bags, 0.3% lower than 2017. Arabica output is expected to decline by
The Colombian government will not be offering immediate subventions to coffee farmers, due to budget constraints this year. This comes at a time when coffee producers are plagued with low prices and heavy rains, as reported by Reuters. The National Federation