Forecast: World coffee exports to fall
Production is down in Brazil (to 36 million bags) and Mexico (to 4 million bags) but up in Vietnam (to 12 million bags). The Hawaii coffee harvest now under way is forecast to total 6.4 million pounds, 19 percent larger than last year’s.
Even as Hawaii coffee growers proceed with a higher harvest, global coffee production is in decline.
World coffee production for 2005-2006 is forecast at 14.94 billion pounds, or 113.2 million bags, down 7 percent from last season, the U.S. Department of Agriculture‘s Foreign Agricultural Service reports.
Production is down in Brazil (to 36 million bags) and Mexico (to 4 million bags) but up in Vietnam (to 12 million bags). The Hawaii coffee harvest now under way is forecast to total 6.4 million pounds, 19 percent larger than last year’s.
The bulk of the world coffee market is commodity coffee. Hawaiian coffees are specialty coffees, a smaller, pricier, separate market that does not always track trends in commodity beans.