Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business.
Africa is quickly becoming one of the business world's most supercharged areas, with a burgeoning startup scene, expansive infrastructure projects, and capital pouring in from across the world. In this series, Quicktake Originals takes an in-depth look at the domestic and international projects that are shaping modern Africa, and their implications for the global economy.
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Mai Ngoc Chau and
Global consumption of coffee is likely to climb by 1% to 2% a year through the end of the decade, according to International Coffee Organization Executive Director Vanusia Nogueira, who estimated about 25 million more 60-kilo bags will be needed over the next eight years.
“We are more conservative now for a short-term projection,” Nogueira said during a conference in Hanoi held by the Vietnam Coffee-Cocoa Association, referring to all the events the world is facing, including high inflation in Europe and the war in Ukraine. The group’s earlier forecasts for consumption growth averaging 3.3% a year over the long term were too “optimistic,” she added.