Last Updated :
09 February 2010 at 18:10 IST
Global coffee output likely to dip in 2009-10
NEW DELHI (Commodity Online): Global coffee production is expected to decline by 3.6% in the crop year 2009-10 to 74.13 lakh tonnes as against 76.90 lakh tonnes in the previous year, said the International Coffee Organization (ICO).
According to ICO, the poor output in the major producing countries such as Brazil and Africa coupled with the adverse climatic conditions in few growing regions caused for the decline.
However, the estimate for this year is preliminary as data from Colombia and Vietnam is pending, it added.
“With factors such as a prolonged dry season and high levels of coffee berry borer infestation, there appears to be little possibility of an increase in global production,” ICO said in its latest report.
Apart from Indonesia, there is no major increase in production of other exporting countries but the crop would be sufficient to offset supply problems.
ICO said, production in Brazil, the world’s biggest coffee exporter, is reported to have fallen by more than 14 per cent to 23.68 LT from 27.59 LT in the year—ago period. Brazil is through with crop harvesting.
MCX SUGARMKOL EX - KOLHAPUR 20 June 2012
contract was trading at
Rs 2910 . What's your view on it?
After reading this article, people also read: