world production

ICO has slightly increased its estimate for world coffee production in 2012/13 to 144.7 million bags of 60 kg, the organization pointed in the monthly report. The number surpasses the previous estimate of 144.6 million bags of coffee and represents a 6.9% increase in crop year.
ICO reiterated its expectation that the coffee rust in Central America will reduce production in the region around 2.3 million bags.
The world consumption for calendar year 2012 was estimated at 142 million bags, up 2.2% in the year.
Source: Reuters

The International Coffee Organization (ICO) has pointed out that the world coffee production in 2012/13 (October / September) should stay at 144.646 million bags of 60 pounds, thus an increase of 6.4% compared with the 2011/12, which is placed on production 135,933,000 bags. The numbers run from March report of the ICO.

In Brazil, agribusiness is one of the activities most flourishing, with the coffee business to be one of the main facilitators. The coffee sector has given, moreover, important contributions to the Brazilian trade balance.

The current situation of falling international coffee prices is of concern because it harms producers in the world, says in a statement the executive director of the International Coffee Organization (ICO), the Brazilian Robério Oliveira Silva, referring to the strike of Colombia's coffee growers, who are asking for more government aid and a competitive exchange rate. According to a survey of the OIC, the average monthly price of Colombian coffee dropped from 244.14 U.S. cents per lb to 161.57 cents, the equivalent of 34% in the last 12 months.

The International Coffee Organization (ICO) said the prospect of record production in Brazil during the cycle of low productivity is offset concerns about the spread of the fungus roya, which causes rust of coffee trees in plantations Central America.

The International Coffee Organization (ICO) has pointed out that world coffee production in 2012/13 (October to September) should be at 144, 1 million 60-kilogram bags, thus an increase of 7.2% compared with 2011/12 crop, which had a production journal, slightly down to 134.4 million bags. The numbers run from December report of the ICO. Thus, the ICO has reduced by 1.3% its estimate for world crop 2012/13, which in November was placed at 146 million bags. The previous data of 2011/12 was 134.6 million bags.