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Post revises its coffee production forecast for Marketing Year (MY) 2014/15 to 29.3 million 60-kg bags (bags), or 1.76 Million Metric Tons (MMT) of green coffee beans.
According to the Indian Meteorological Department (IMD), precipitation during the 2014 southwest monsoon (June-September) was 12 percent below India’s long period average (LPA) of 886.9 mm.
Growing coffee consumption in Indonesia is transforming Indonesia’s coffee trade. Industry sources estimate that local consumption growth is outpacing production growth.
Brazilian coffee production for 2014/15 was revised upward to 51.2 million 60-kg bags, but still off 3.3 million bags from the previous year.
Colombian coffee production in marketing year (MY) 2014/15 is expected to increase to 12.3 million bags, slightly above Post’s estimate of 11.9 million bags in May 2014.
India’s 2014/15 coffee crop (Oct/Sep) is forecast at 5.1 million 60 kg bags, marginally higher than the revised MY 2013/14 estimate.