WORLD: Coffee prices remain sluggish despite retention scheme
Coffee bean prices last week hit their lowest level since 1993 at US$0.60 per pound, brushing production prices in many producer nations. With world coffee consumption stable but output growing steadily, there is no end to the price-depressing glut in sight. Global coffee consumption has remained steady at 103m bags in the last few years, but production has regularly outstripped demand and is forecast to reach an all-time high of 115m bags this year. Much of the increase in supply derives from relative newcomers to the coffee-producing superleague, notably Vietnam, which last year eased up into second place behind Brazil. Vietnam is expected to produce 13m bags this year, a sharp increase on the four million bags produced in 1995. Most of this output will be available on the world market as, ironically, coffee consumption is not high in Vietnam.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- General Mills sales woes continue - analysis
- Why personalisation will take-off in US food
- Comment: Meal kits in US - don't believe the hype
- US food next wave on display at Winter Fancy Food
- Column: Kraft Heinz, Unilever and sustainability
- Unilever 'lining up spreads sale'
- UK own-label firm Park Cakes sold in MBO
- Immigration crackdown "risk" for US dairy industry
- BRF plant suspended amid bribery allegations
- Fonterra cuts earnings forecast