Global Coffee Output to Be Record in 2012-13, FCStone Unit Says
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Global coffee output will climb to a record next season as the crop in top global producer Brazil rises, according to CoffeeNetwork, a unit of INTL FCStone Inc.
Farmers around the world will harvest 146 million bags in the 2012-13 season, an increase of 8.1 percent from an estimated 135 million bags in 2011-12, Andrea Thompson, the Belfast-based head of research and analysis at CoffeeNetwork, said in a report e-mailed today. The 2012-13 season starts in October in most countries. A bag of coffee weighs 60 kilograms (132 pounds).