From Origin

Coffee Year 2018/19 Marks Second Consecutive Year Of Surplus

From: gcrmag.com

The International Coffee Organization (ICO) estimates world coffee production in coffee year 2018/19 to be 3.7 per cent higher than in the previous year at 168.87 million 60-kilogram bags. However, at 164.82 million bags, world consumption for coffee year 2018/19 is estimated to have only grown 2.1 per cent.

This means coffee supply has exceeded demand by 4.05 million bags.

Output rose in all regions except for Mexico and Central America, where the harvest declined by 0.8 per cent to 21.47 million bags.

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