Global coffee production is likely to rise 15.45 per cent to 134.2 million bags in the 2008-09 crop year, while India's output would ratchet 17.72 per cent from previous year, the International Coffee Organisation (ICO) has said.
Production in Asia and Oceania is estimated to jump 14 per cent to Rs 33.79 million bags during the 2008-09 crop year, with maximum growth seen in Vietnam and India, ICO said in the report. The coffee year runs from October to November.
Coffee production in Vietnam, the world's biggest grower after Brazil, would increase by 18.42 per cent to 19.5 million bags and India's by 17.72 per cent at 4.8 lakh bags during the review period, it said. Production from South America would also be up 20 per cent to 64.42 million bags from previous year.
However, Brazil, the world's largest coffee producer, may see a slight drop in its output at 36.9 million bags, ICO said quoting data released by the Brazilian authorities. ICO is a London-based inter-governmental body of coffee exporting and importing nations.
Meanwhile, coffee output from Mexico and central America would remain unchanged at 18.31 million bags, the data showed. Heavy rains in Colombia and Central America appear to have reduced the production potential and may necessitate a further downward r evision, in the order of 300,000 to 500,000 bags, ICO said, adding that preliminary forecasts for the crop year 2009-10 indicate a relatively lower production, mainly as a result of reduced output in Brazil.
