Tuesday, September 26, 2023
LocalNewsOnly
September 29, 2023 is National Coffee Day!
From USDA, Foreign Agricultural Service, Data and Analysis: Coffee: World Markets and Trade, June 22, 2023:
2023/24 Coffee Overview
“World coffee production for 2023/24 is forecast 4.3 million bags (60 kilograms) higher than the previous year to 174.3 million. Higher output in Brazil and Vietnam is expected to more than offset reduced production in Indonesia. With additional supplies, global exports are expected [to be] up 5.8 million bags to a record 122.2 million primarily on strong shipments from Brazil. With global consumption forecast at a record 170.2 million bags, ending inventories are expected to remain tight at 31.8 million bags.”
US Census Bureau