Other influences include the crisis in Europe, one of the largest buyers of the grain, and flooding in Colombia which has produced crop losses.

"World production is something we should worry about", said Roberio Oliveira Silva, executive director of the International Coffee Organization (ICO), in a press conference in Ho Chi Minh City.

Silva said that world consumption is expected to increase steadily next year despite the economic slowdown, to equal an average of 2.5 percent expansion as seen in the last decade", published Elcolombiano.com

In 2010 world coffee consumption came to 135 million bags, up 2.4% from 2009.

Source: Elcolombiano.com

More on this topic

High Quality Seeds Excluded From Agricultural Package

April 2013

The Government of El Salvador will not buy hybrid corn seed, which offers high performance and resistance to pathogens and bad weather.

"The resolution, transitory, is seen by many agricultural suppliers as a block on the free market and even violating trade agreements such as the Free Trade Agreement (FTA) with the United States or regulations dictated by the World Trade Organization (OIC)", reported Elsalvador.com.

Fall in Sugar Production Forecast

February 2013

With the reduction in harvests in Mexico and India, sugar production could decline for the first time since 2009.

World production of sugarcane could decrease by 51% during the 2013-14 season compared to the 2012-13 period, as a result of the decline in prices caused by a fall in production in Mexico and India, according to researchers at Kingsman SA.

The Market for High Quality Coffee

May 2012

A drop in productivity from 30 to 23 quintals per hectare in coffee plantations in Costa Rica has made it difficult to fulfil the total current demand from buyers like Starbucks.

As well as affecting the supply to Starbucks, the decline in production of quality coffee will also affect supply to other large buyers such as Nespresso, Green Mountain and Royal Coffee admitted Ronald Peters, president of the Coffee Institute of Costa Rica (Icafe).

2011-2012 Coffee Harvest to Decline by 23%

June 2011

The Salvadoran Foundation for Coffee Research (Procafé) has reported that 564,000 less quintals will be harvested than last year.

Projections for the current crop are in sharp contrast with the 2010-11 crop which totalled 2.4 million quintals (the most in the last ten years).