Global coffee supply balance surplus expected next season - Report - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 2022-12-08 9:34 PM
📰 SABCNews

⏱ Reading Time:
8 sec. here
2 min. at publisher
📊 Quality Score:
News: 6%
Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The global coffee supply balance will shift from a deficit of 2.17 million bags in 2022/23 (April-March) to a surplus of 3.74 million bags in 2023/24 as Brazil’s output partly recovers, according to a report by consultancy Hedge Point.

Roasted coffee beans are seen on display at a Juan Valdez store in Bogota, Colombia June 5, 2019. REUTERS/Luisa Gonzalez/File PhotoRoasted coffee beans are seen on display at a Juan Valdez store in Bogota, Colombia June 5, 2019. REUTERS/Luisa Gonzalez/File Photo

It projected Brazilian 2023/24 coffee production to be between 64.9 and 68.9 million bags, compared to 59 million bags projected for 2022/23.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Murder, rape and hijackings on the rise in Gauteng - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Gauteng’s second quarter crime statistics for the 2022/23 financial year, show murder, rape and hijackings, among others are on the rise. Provincial police commissioner Lieutenant-General Elias Mawela released the figures earlier today.
Source: SABCNews - 🏆 37. / 51 Read more »