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Coffee consumption in Korea is widespread and growing rapidly. Tea is also becoming more popular due to health-conscious consumers.
This biannual report, published in June and December, includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in coffee.
Post forecasts Vietnam’s marketing year 2020/2021 (MY20/21) coffee production at 30.2 million bags, down 3.5 percent from the previous year, due to unfavorable weather conditions.
The lack of access to credit due to Nicaragua’s current political crisis and low international coffee prices have reduced Nicaraguan producers' ability to properly maintain coffee plantations.
FAS/ Nairobi forecasts a stagnation in Kenya’s coffee production in marketing year (MY) 2020/2021, due to weather patterns that have curtailed flowering in the key coffee growing regions.
Costa Rica’s marketing year (MY) 2019/2020 coffee production reached 1,472,366 60 kilogram (kg) bags, which is 15.4 percent higher than the previous crop.
Planted area continues to decline, particularly in coastal regions. However, production per hectare continues to grow.
ATO/Sao Paulo forecasts the Brazilian coffee production for Marketing Year (MY) 2020/21 (July-June) at a record of 67.9 million 60-kg bags, an increase of 15 percent compared to last year’s output.
Ethiopia’s coffee production for MY20/21 (Oct-Sep) is forecast to be 7.5 million 60-kilogram bags (450,000 metric tons). Exports are forecast to reach a record 4.12 million bags (247,200 metric tons).
The Venezuelan coffee sector is struggling with shortages of fuel, agro-chemicals, and replacement parts. In MY 2020/21, post forecasts continued decreases in production based on input limitations.
The production forecast for marketing year (MY) 2020/21 is 6.1 million 60-kilogram (kg) bags, a nine percent increase from the previous year.
The United States is buying green coffee beans from Tanzania, despite a coffee market that is volatile and faces dramatic political hurdles and unstable policies.