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Coffee consumption exceeds world production in 2016 for third consecutive year
Feb. 28, 2017
World overall coffee consumption was higher than production in 2014, 2015 and 2016, according to the International Coffee Organization (ICO).
The ICO Coffee Market Report - January 2017, indicated that world consumption over the last three years was 151.822 million bags in 2014; 155.712 million in 2015; and 155.1 million in 2016.
And the world production in the same period was 148.724 million bags (2014); 151.438 million (2015); and 151,624 million in 2016. The negative balance of each year was, respectively, 3.098 million bags; 4.274 million, and 3.476 million. The organization attributed this successive deficit to movements of inventories not officially recorded.
In the context of production, specifically in relation to Brazil, the Agricultural Policy Secretariat - SPA of the Ministry of Livestock and Food Supply - Map estimated that the Gross Value of Agricultural Production - VBP for 2017 will be R$545.91 billion, which includes coffee in the amount of R$22.86 billion.
The Coffee Market Report - January 2017, available at the Coffee Research Consortium's Observatory, coordinated by Embrapa Café, also showed exports from the first quarter of the ICO coffee year 2016/2017 (October to December), which were Of 29.8 million bags, an increase of 8.3 percent over the same period of 2015/2016.
Exports of Arabica coffee were 19.2 million bags and those of robust coffee 10.6 million from October to December 2016, which increased by 8.5 percent and 7.9 percent, respectively, in relation to the same three The report also noted that Vietnam and Indonesia - the largest exporters of robust coffee - increased coffee exports by 16.1 percent and 21.2 percent over the same period.
Regarding Brazilian production, the SPA / Map reported that the Gross Value of Agricultural Production - VBP, calculated in January 2017, estimated for this year is R$545.91 billion. The VBP is based on the average prices received by the producers of the 26 largest agricultural products in Brazil and corresponds to gross sales within the establishment.
The seven main products in the VBP ranking are: soybeans, with R$123.10 billion; cattle, R$72.41 billion; corn, R$55.45 billion; sugarcane, R$54.44 billion; chicken, R$50.34 billion; milk, R$29.23 billion, and coffee, R$22.86 billion corresponding to 4.2 percent of the total.
Source: AgroNews
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