BR100 Decreased By (-0.27%)
BR30 Decreased By (-0.17%)
KSE100 Decreased By (-0.29%)
KSE30 Decreased By (-0.33%)
BECO 5.61 Decreased By ▼ -0.07 (-1.23%)
BML 64.13 Decreased By ▼ -0.71 (-1.1%)
BOP 33.99 Increased By ▲ 0.39 (1.16%)
CNERGY 8.22 Decreased By ▼ -0.02 (-0.24%)
DCL 11.45 Increased By ▲ 0.10 (0.88%)
FCCL 52.80 Decreased By ▼ -0.11 (-0.21%)
FCSC 5.48 Decreased By ▼ -0.04 (-0.72%)
FFL 17.91 Increased By ▲ 0.11 (0.62%)
FNEL 1.30 No Change ▼ 0.00 (0%)
HUMNL 11.16 Decreased By ▼ -0.08 (-0.71%)
KEL 7.89 Decreased By ▼ -0.08 (-1%)
KOSM 5.51 Increased By ▲ 0.07 (1.29%)
MLCF 86.00 Decreased By ▼ -0.01 (-0.01%)
NBP 184.91 Decreased By ▼ -0.09 (-0.05%)
PACE 11.75 Decreased By ▼ -0.27 (-2.25%)
PAEL 40.70 Increased By ▲ 0.49 (1.22%)
PIAHCLA 25.95 Increased By ▲ 0.22 (0.86%)
PIBTL 17.29 Decreased By ▼ -0.03 (-0.17%)
PPL 224.89 Decreased By ▼ -0.41 (-0.18%)
PRL 34.40 Increased By ▲ 0.02 (0.06%)
PTC 64.65 Decreased By ▼ -0.81 (-1.24%)
SEARL 90.83 Increased By ▲ 0.32 (0.35%)
SSGC 26.90 Increased By ▲ 0.14 (0.52%)
TELE 9.25 Increased By ▲ 0.29 (3.24%)
THCCL 68.35 Decreased By ▼ -1.09 (-1.57%)
TPLP 10.96 Decreased By ▼ -0.35 (-3.09%)
TREET 24.77 Increased By ▲ 0.22 (0.9%)
TRG 71.68 Increased By ▲ 0.01 (0.01%)
WAVES 11.19 Decreased By ▼ -0.26 (-2.27%)
WTL 1.27 Decreased By ▼ -0.01 (-0.78%)

World coffee output is seen rising to a fresh record in 2017/18 as a recovery in robusta production offsets a decline in the arabica variety, the International Coffee Organization (ICO) said on Tuesday. Global coffee output is expected to reach about 158.8 million 60-kg bags in 2017/18, up 0.7 percent from last season's record production, the ICO said in a monthly report.
Arabica coffee production is seen falling to 97.3 million bags, down 1.1 percent from the 2016/17 season. That is partly due to a 6.7 percent drop in Brazil's arabica output to 38.63 million bags. After five years of expansion, Colombian production is also expected to fall 4.3 percent to 14 million bags, as heavy rains caused damage to the trees during flowering, the ICO said.
However, the slump in top arabica producers is likely to be offset by a recovery in global robusta production, which is forecast at 61.5 million bags, up 3.7 percent from the 2016/17 season. This increase is mainly due to a rebound in top grower Vietnam, which is seen producing 28.5 million bags in 2017/18, up 11.6 percent on the prior season. Poor weather slashed the country's 2016/17 output by 11.1 percent.
Increases in output from Honduras, India, Uganda, Mexico, Ethiopia and Peru are also seen boosting overall global coffee production, as well as offsetting an expected decline in Indonesia's crop. Global coffee consumption is forecast to rise to 157.6 million bags in 2017/18, up from 155.1 million bags in 2016/17, the ICO said.

Copyright Reuters, 2018

Comments

Comments are closed for this article.