Global Coffee consumption may exceed production in 2019 20 ICO
India, Dec. 6 -- Global coffee consumption will exceed production in the 2019 to 2020 coffee year creating a global deficit of about 502 000 bags the International Coffee Organization (ICO). "Despite a slowdown in growth consumption is predicted to overtake production during the course of the year " the report said.Brazil s smaller off year Arabica crop and bad weather in parts of Central America and Asia could continue to affect prices in the coming weeks " it said. "However the impact of these factors may be muted due to the recent weakness of the Brazilian Real as well as the upcoming on-year crop in Brazil " it said.Coffee prices as measured by the ICO Composite Indicator remained above 100 cents/lb in November for the first time in the...
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