Global coffee exports during January 2018 totalled 11.01 million bags
08.03.2018 10:00 "Agro Perspectiva" (Kyiv) —
According to the report of the ICO «Coffee Market Report» (February 2018), global coffee exports during January 2018 totalled 11.01 million bags, up 20.7% compared to January 2017. The total volume exported between October 2017 and January 2018 amounted to 40.74 million bags as against 39.53 million bags for the same period in 2016/17, an increase of 3.1%.
Arabica exports reached 25.87 million bags during the first four months of coffee year 2017/18, 1.3% higher than the same period last year, while Robusta exports rose by 6.4% to 14.87 million bags.
Between October 2017 and January 2018, total exports of Other Milds and Brazilian Naturals both increased compared to the same period last year, reaching 7.62 million bags (+9.3%) and 13.31 million bags (+2.2%), respectively. This offset reductions in shipments of Colombian Milds in the first four months of 2017/18, which declined to 4.94 million bags, 10.9% lower than the same period in 2016/17.
Production in Brazil, the world’s largest coffee producer, is estimated at 51.5 million bags in 2017/18, 6.4% lower than in 2016/17. This is largely due to an estimated decline of 11.1% to 40 million bags of its Arabica output while Robusta production is estimated 15% higher at 11.5 million bags. However, beneficial weather and the upturn in its Arabica cycle are expected to improve the production outlook for 2018/19.
After a late start to harvesting, Vietnam’s exports in January 2018 rose to 3.29 million bags, nearly double the volume in the same month one year ago, which largely accounts for the overall growth of 16.4% to 8.96 million bags during the first four months of coffee year 2017/18. Vietnam is the largest producer of Robusta coffee, accounting for approximately 45% of global Robusta output. In 2017/18, Vietnam’s production is estimated to be 28.5 million bags, 11.6% higher than 2016/17, but 0.8% lower
than in 2015/16. Indonesia and India are also relatively large producers of Robusta, accounting for around 15% and 6% of global Robusta output, respectively. Indonesia’s production in 2017/18 is estimated to fall by 6% to 10.8 million bags. India’s production is provisionally estimated 12.3% higher at 5.84 million bags for 2017/18. Its shipments in the first four months of coffee year 2017/18 amounted to 1.91 million bags, expanding by 11.9% compared to one year ago.