Record exports for coffee year 2016/17; production revised up – ICO

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Global coffee exports were lower year on year in September, but total exports in the 2016/17 coffee year reached a record 122.45 million bags – up 4.8 percent from the previous year, the International Coffee Organization (ICO) said.

Exports in the 2015/16 coffee year stood at 116.89 million bags.

According to the ICO, exports of Colombian Milds grew by 8% to 14.66 million bags, Other Milds by 15.6% to 27.02 million bags, and Brazilian Naturals by 2.6% to 35.84 million bags while Robusta shipments remained stable, amounting to 44.93 million bags.

The ICO also revised global coffee production in crop year 2016/17 upwards to 157.44 million bags, a 3.4% increase on 2015/16, largely due to the increase in production for Honduras.

Arabica production is up by 14.7% to 101.55 million bags, with increases observed for all three Arabica groups.

Production of Colombian Milds rose by 2.7% to 15.82 million bags, Other Milds by 15.6% to 30.29 million bags and Brazilian Naturals by 18.1% to 55.44 million bags. However, Robusta production is estimated down 12.2% to 55.89 million bags.

Coffee production increased in Africa, Mexico & Central America and South America by 5.3%, 16.3% and 8.6%, respectively while production decreased by 9% in Asia for crop year 2016/17, the ICO said.

“The significant increase in production in Mexico & Central America is largely attributed to increased production in Honduras, the recovery from the coffee leaf rust outbreak in the region and beneficial weather,” the global body said.

After increasing for two consecutive years, world coffee consumption is estimated to have remained stable at 155.06 million bags, based on provisional figures for coffee year 2016/17.

Given the rise in global coffee output against stable consumption, coffee year 2016/17 is now seen in surplus after two consecutive years of deficit, with production exceeding consumption by 2.38 million bags.

“The market is well supplied at the start of coffee year 2017/18 by the replenishment of stocks over this past year,” the ICO said in its report.

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