Global coffee consumption at 136.5 m bags in 2011: ICO

Written by Press Trust of India | New Delhi | Updated: Feb 23 2012, 09:29am hrs
World coffee consumption rose by almost 2% to estimated 136.5 million bags in 2011 on the back of rising consumers in exporting countries and growing demand in emerging markets. The world had consumed 135 million bags of 60 kg each of the brew in 2010, according to the International Coffee Organisation (ICO) data.

This increase can be attributed to growing demand in emerging markets, rising domestic consumption in exporting countries and the resilience of coffee consumption to the current economic crisis, ICO said in its report. More specifically, in Brazil economic growth, combined with better income distribution and relatively low unemployment rates, has encouraged the increase in coffee consumption, it added.

ICO expects the global coffee consumption to rise on the back of rising number of consumers in exporting countries.

Demand prospects for coffee continue to be promising, particularly given the growth of niche markets in traditional consuming countries and the arrival of new consumers in emerging markets , it noted.