World Coffee Demand Fueled by Emerging Markets, ICO’s Silva Says
World coffee demand growth remains “resilient,” led by emerging markets, increased consumption in producing countries, and the expanding popularity of single-cup dispensers, said Roberio Silva, the executive director of the London-based International Coffee Organization.
“From what we heard from the industry, consumption has remained resilient, especially with the emergence of the single- serve” technology, Silva said today during an interview at an industry conference in Charleston, South Carolina.
Low stockpiles of coffee in countries that produce and import the beans means global supplies remain “tight,” he said.
Global production will be 128.5 million bags in the season that started in October, down from the previous forecast of 130.9 million bags, the ICO said on March 1. Consumption in 2010, the most recent data available, was 135 million bags.
To contact the reporter on this story: Marvin G. Perez in New York at firstname.lastname@example.org
To contact the editor responsible for this story: Steve Stroth at email@example.com
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.