Global coffee exports saw 17% jump in November
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.
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