ICO Market Report Predicts Second Year Of Surplus

From gcrmag.com

The International Coffee Organization (ICO) December 2018 market report expects coffee year 2018/19 (April 2018 to March 2019) to be the second consecutive season of surplus.

The report estimates global output at 167.47 million bags, which exceeds its expectations of world coffee consumption, at 165.18 million bags. However, at 2.29 million bags, the surplus for 2018/19 is projected to be one million bags less than in 2017/18 given the stronger growth in demand.

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