Rising for the second straight month, global coffee exports witnessed an increase of 17% at 9.21 million bags in November 2012, International Coffee Organisation (ICO) has said.
Worldwide shipments of the brewed beverage totalled 7.88 million bags (of 60 kg each) in the same month in 2011. Global coffee shipments had risen by 17% to 8.88 million bags in October 2012 from 7.57 million bags in October 2011.
The crop year for coffee runs from October to September. Total exports of the brew in October-November of the 2012-13 crop year were up by 21 per cent to 18.73 million bags as compared to 15.45 million bags during the same period of the 2011-12 coffee year.
In the 2011-12 crop year, global coffee exports rose by 3% to 107.8 million bags compared to 104.7 million bags in 2010-11 crop year on the back of increased shipments from Vietnam, Indonesia, Mexico among others, ICO said.
The ICO has pegged the global production of the brew to rise by 8% to 146 million bags in the current crop year from 134.6 million bags in the year-ago period.