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ICO Sees Steady Coffee Output in 2009/10

Source: Reuters
14/08/2009

London, Aug 13 - Total global coffee output in 2009/10 is forecast to stand at around 127 million bags, against 127.288 million in 2008/09, the International Coffee Organization (ICO) said in its latest monthly report on Thursday.

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"There has been good export performance by Brazil, and Vietnam, while Colombian availability has continued to be below average due to weather conditions," the report said.

"Some reduction in exports has also been observed from Africa and Central America."

The arabica crop for 2009/10 in Brazil is 70 percent harvested and is expected to produce 39.1 million bags, down from 35.5 million bags in the previous year. This is due to the biennial cycle.

The estimated production of robustas in Brazil for 2009/10 rose to 10.8 million bags from 10.5 million bags in the previous year, with increased production expected in Africa, Asia and Central America, the report said.

"The world economic crisis has not affected general coffee consumption, although reports have been received of changes in patterns of consumption, particularly a shift to more in-home drinking," the report said.

Growth in global consumption is seen slowing this year to 129 million bags, up slightly from the 2008 estimate of 128.5 million bags. In 2007 consumption was 127 million bags.




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