Coffee bean demand expected to be up 25% in 5 years.

The world is drinking more and more coffee, with an increase in demand of about 25% in the next five years, according to the International Coffee Organization.

Coffee sales are increasing in China, India and Latin America.

Coffee demand is expected to increase to 175.8 million bags by 2020 up from 141.6 million bags now. The Africa Fine Coffee Conference in Nairobi was told last week.

Each bag of coffee beans weighs about 132 pounds. With a cost of about 91 cents per pound.

The strong demand projection comes at a time of tight global coffee supplies, which pushed prices to multiyear highs last year in large part because of the historic drought in Brazil, the world’s largest grower.

Hording is some country's has been reported in an attempt to maintain current prices. This has been mostly in the south east Asia market.

Comments

Coffee and an opinion

Almond Espresso Float Recipe

Almond Espresso Float Ingredients 1 teaspoon Folgers Classic Roast ® Instant Coffee Crystals 1 tablespoon hot water 3/4 cup chocolate milk 1/8 teaspoon almond extract, or to taste 2 rounded scoops coffee ice cream Cream soda, chilled Whipped cream Cocoa powder, for garnish ...

Weather /climate change and your coffee

Weather unpredictability/climate change is a leading factor in future coffee prices. Making the small coffee grower looking to expand their land used to cultivate coffee. Felling of rain forests will accelerate current trends in a changing climate. adding even more unpredictability to coffee supplies and future prices. With the current world price at 90 cents a pound is making profitability in many countries nearly impossible With production cost at about $1.50 per pound. The shortest answer is to grow more coffee witch takes more land, ,fewer trees, more c02, additional climate effects . Climate change and general weather unpredictability are one of the driving forces in the roller coaster ride coffee prices are having and will likely continue to have in the foreseeable future. Perhaps second only to the never ending political unrest in many coffee growing regions.

Cricketscoffee Blog

Search This Blog