New forecasts continue to suggest an upcoming shortage of coffee stocks due to increasing consumer demand and declining bean stocks in a few key regions: Coffee supply crisis on horizon for 2007 | Reuters.com.
While some of the more mystic types are busy correlating coffee supplies to sunspot activity, futures analysts are projecting a continuing increase in consumer demand — marked by emerging markets such as Asia, eastern Europe, and the coffee-producing nations themselves. Meanwhile, Brazil, which accounts for 30-40 percent of the world’s coffee output, anticipates a 10% drop in yield for the coming 2007/2008 harvest.
If all goes according to the forecasts, consumers can expect coffee prices to rise following this summer.
No Comments »