Global coffee output forecasted to rise by 15% in 08-09

13-Dec-2008 Intellasia | CafeF | 4:41 PM

International Coffee Organisation (ICO) forecasted that the world’s coffee output in 2008-2009 would reach 132.5 million bags (of 60 kilogram each), up nearly 15% compared with the figure of 115.4 million bags in the previous season, according to the Vietnamese Ministry of Industry and Trade information centre.

Meanwhile, the global coffee consumption in 2008 will be 128 million bags (higher than 2007′s 125 million bags) despite the economic crisis.

Brazil plans to harvest 45 million bags of coffee in the next season, a slight rise from the previously forecasted level of 45.85 million bags in September. In which, Arabica will account for 35.48 million bags, and robusta 10.5 million bags. During the season of 2007-2008, the country harvested 36 million bags.

Meanwhile, Vietnam’s coffee output in 2008-2009 is estimated to dip 3% to 17 million bags due to high production cost and inclement weather.

In Costa Rica, the coffee production in 2008-2009 is targeted at 1.807 million bags, down 3.6% year-on-year.