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.

📆 09/12/2022 2:34:00
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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.

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