International coffee growers are warning fewer coffee supplies may be in the future as coffee farmers are earning very little globally.
The International Coffee Organization this week said farmers’ low earnings in many countries were depressing supply even as demand grows around two percent annually, according to Reuters.
Rabobank last month forecast a 2017-18 global coffee deficit of 6.1 million bags amid rising demand, and signs of tightening supplies that are evident in top coffee grower Brazil, where inventories have dropped sharply. Investing in new coffee trees requires a long-term commitment, one that farmers with low profits are having to carefully consider, leaving global supplies in jeopardy.
Coffee is primarily grown in Brazil, Vietnam, Colombia, Indonesia, and Ethiopia.
From the National Association of Farm Broadcasting News Service.