USDA Forecasts Record-Breaking World Coffee Production In 2018/19 Due To Brazil Outputs

June 19, 2018

The U.S. Department of Agriculture (USDA) released it's 2018/19 forecast overview, reporting that the world coffee production for 2018/19 is forecasting 11.4 million bags higher than the previous year at a record 171.2 million primarily due to Brazil’s record output. With global consumption forecast at a record 163.2 million bags, exports are expected up in response to strong demand. Ending stocks are forecast to rebound following 3 years of decline.

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