Africa

 

Exports for Coffee Year 2016-17 Reached a Record 122.45M Bags

The International Coffee Organization (ICO), in its latest report, announced that while coffee year 2016-17 registered a decrease in its final month, total exports reached a record 122.45 million bags, 4.8% greater than the 116.89 million bags shipped in coffee year 2015-16.

Southeast Asia Coffee Markets Continue Unprecedented Surge

The rise of emerging markets across Southeast Asia for more than two decades has brought about a stunning rise in coffee consumption to the region’s already fast-expanding economies. From the biggest players in the traditional markets like the Philippines and Japan, to new giants such as China, South Korea, Indonesia and Vietnam, this is a welcome development for the coffee market and analysts expect the Asia coffee boom to set new records for world growth in coming years.

Tea & Coffee Trade Journal