Sunday, March 15, 2015

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.