Venezuela: Coffee Annual

Commodities

Production of domestic coffee in MY 2016/17 is expected to barely increase to 530,000 bags (1 bag=60 Kilograms) of green bean equivalent (GBE). Marketing year 2017/18 is forecast to increase to 575,000 bags of GBE. A smoother public price policy and better market conditions, especially the consumers’ willingness to pay for coffee real market price according to qualities, have changed the position of coffee farmers towards investing in the field, making the coffee business interesting to them. Consumption is forecast slightly up for MY 2016/17, maintaining this trend for MY 2017/18.

Venezuela: Coffee Annual