Brazil’s Crop to Tip Coffee Market Into Shortage, Volcafe Says
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The global coffee market will face a shortage for the first time in three years in 2014-15 as the crop in Brazil, the world’s largest producer, will fall short of its potential, according to Volcafe Ltd.
Bean supplies will probably be about 5 million bags lower than consumption in the 2014-15 season, the coffee unit of commodities trader ED&F Man Holdings Ltd. said in a report e-mailed today. In November, the trader estimated a global surplus of 5.3 million bags. A bag of coffee weighs 132 pounds.