Global coffee exports in May rose by 16% to 9.2 million bags of 60 kg each on the back of increased demand, the International Coffee Organisation (ICO) said.
International exports of the brew in the year-ago period stood at 7.94 million bags, ICO said.
According to ICO, world shipments in the first eight months of the coffee year (October 2010-May 2011) increased by almost 17% to 71.94 million bags as compared to 61.62 million bags in the same period of the previous year.
The global body on coffee has pegged the world output of the brew in the current year at 133 million bags.
ICO expects the coffee output in 2011-12 period at 130 million bags, while the United States Department of Agriculture (USDA) in its recent report has forecast the global production at 135 million bags.
Posts
0 comments