How has novel Coronavirus (Covid-19) impacted on Indian coffee industry? All exports to Europe have been temporarily shut.
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
According to novosti.rs, Brazil and Vietnam are facing the decrease of coffee growth which will affect coffee prices in Serbia, as well as in the whole world. The market demand is in constant increase, Robusta deficit is compensated with the more expensive sort, which results in higher prices.
Coffee from international markets arrived in Serbia with [Sign in to continue]