Archive for March 21st, 2010
Recent BusinessWeek.com reports indicate mixed expectations for drinkers of discount gourmet coffee, especially those who prefer South American coffees.
Let’s start with the bad news. Mexican and Central American crops may fall below the ICO forecast of 17.8 million bags due to dry weather.
On a more hopeful note, there has been a revision on early February reports that Brazil’s crop would also fall off projected forecasts of 45.9 to 48.7 million bags due to excessive rain fall and heat. A late February report indicates the crop is in great shape and could yield a record crop as high as 55 million bags.
Another bright spot is Colombia, where they are forecasting a 41% increase in the crop this year. Estimates are an 11 million bag crop up from last year’s 7.8 million bag crop.
It remains to be seen whether this year’s crop will produce an overall shortfall or increase and what impact that will have on the price of your favorite South American Coffee.
Until next time – happy brewing.