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Thread: Did you know?

  1. #401
    Banned
    Join Date
    Apr 2014
    Location
    Quetzaltenango, Guatemala
    Posts
    3,340
    Did you know that last year 2016/2017, we had a global coffee deficit of 1,200,000 bags?
    Last year, entire world production was at 153.9 million bags vs 155.1 million world consumption. (and believe it or not, that is 3 consecutive year deficits).

    then, I wonder what would happen in the future if this deficit keeps happening...

    * coffee price increase?
    * using up more of old coffee (year before harvest coffee and "not so fresh" beans)
    * lower exportation standard? to bring in more coffee that is being consumed in coffee origin countries?
    * Maybe ICO or any other coffee organization will encourage China to grow more coffee in Yunnan province.... (yes, I will go with this.)

 

 
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