Revised World Coffee Production Forecast Remains on Track for Record 140

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1 United States Department of Agriculture Foreign Agricultural Service Circular Series FTROP 4-8 December 28 Revised World Coffee Forecast Remains on Track for Record Million 6 kilo bags /3 23/4 24/5 25/6 26/7 27/8 28/9 Brazil Vietnam Other Coffee: 28/9 Revised Forecast Overview Starting in 29, this report will be published biannually in June and December and renamed Coffee: World Markets and Trade. Revised coffee production still forecast at record million bags World coffee production in 28/9 is still forecast at a record million bags (6 kilograms or pounds), despite a reduction of 2.2 million bags from the June forecast. Vietnam was lowered 2 million bags from the June forecast to total 19.5 million bags because production was overstated. A similar revision was made to Vietnam s 26/7 production figure. The forecasts for Brazil and Colombia remain unchanged at 51.1 million bags and 12.2 million bags, respectively. Ethiopia was revised downward 1 million bags to total 5 million bags due to below-average rainfall. Honduras was raised 5, bags to total 4.1 million bags primarily as a result of higher fertilizer utilization. The Honduran Coffee Institute sold fertilizer to a majority of the country s coffee producers at favorable terms. Uganda was adjusted up 55, bags to total 3.4 million bags due to favorable rainfall.

2 Green coffee bean exports adjusted slightly World green coffee bean exports are forecast at a record 94.5 million bags, but down 1.5 million bags from the June estimate. Vietnam s exports were lowered 2 million bags in response to the downward revision to production. The export forecasts for Brazil and Colombia remain unchanged at 24.6 million bags and 1.6 million bags, respectively. Exports for Honduras and Uganda were each bumped up about 25, bags due to increased production. Green coffee bean import data now include non-producing countries World green coffee bean imports are forecast at 89.6 million bags. The EU is forecast to import 45.5 million bags, while the United States and Japan are expected to import 22 million bags and 6.1 million bags, respectively. Equal comparison to the June forecast cannot be made this year because import data for non-producing countries were absent from the database. Future reports will include these data. Please note this inclusion is limited to imports of green coffee beans. Roasted and soluble coffee import data as well as green, roasted, and soluble export data have been excluded from the database for non-producing countries. Inclusion of these data would have overstated world trade levels due to double-counting. Ending stocks to remain tight Ending stocks are forecast to total 39.6 million bags following the previous year s level of 34.5 million bags. Equal comparison to the June forecast cannot be made this year because stock levels for non-producing countries were absent from the database. Future reports will include these data. Ending stocks are expected to grow primarily as a result of Brazil s record production, some of which will end up in stocks. Since 23/4, ending stocks have been trending down in a pattern dominated by Brazil s biennial cycle of Arabica trees. Inventory levels will continue to draw considerable attention since Brazilian production is expected to enter the off-year of the biennial cycle in 29/1. In the last six years, the difference between Brazil s on-year and off-year production averaged 11.5 million bags. Price decline correlates with volatility in stock markets Million 6 kilo bags World Ending Fluctuate Depending on Brazil s, Which is Tied to Biennial Cycle of Arabica Trees The International Coffee Organization (ICO) monthly composite index fell 15 percent between September and November. Prices in February and early March 28 accelerated as speculator activity from hedge and index funds pushed prices up. However, prices in mid-march experienced a mini-crash as many of these funds reduced their exposure to coffee in order to cover margin calls for other investments due in response to the global credit crunch. This has been followed by a more pronounced downward movement in response to significant volatility in all major stock markets around the world. 5 23/4 24/5 25/6 26/7 27/8 28/9 All Others Brazil Office of Global Analysis December 28

3 For further information, please contact Tony Halstead at , or send an to PSD Online Users can find the release schedule and generate the full USDA, Supply and Distribution (PSD) dataset for reporting countries by accessing the following links: Approved by the World Agricultural Outlook Board/USDA Office of Global Analysis December 28

4 Table 1 Green Coffee Bean 1/ Thousand 6-Kilogram bags 2/ 24/5 25/6 26/7 27/8 Jun 28/9 Dec 28/9 none Algeria nr Angola Argentina nr Australia nr Benin nr 1 Bolivia Brazil 43,6 36,1 46,7 37,6 51,1 51,1 Burundi Cameroon Canada nr Central African Republic China, Peoples Republic nr Colombia 11,532 11,953 12,164 12,392 12,2 12,25 Congo (Brazzaville) Congo, Democratic Rep Costa Rica 1,97 1,751 1,782 1,882 1,88 1,88 Cote d'ivoire 2,31 1,962 2,847 1,6 2,5 2,5 Croatia nr Cuba Dominican Republic EU-27 nr Ecuador El Salvador 1,329 1,387 1,3 1,48 1,4 1,4 Equatorial Guinea 3 3 Ethiopia 4,575 4, 4,65 5, 6, 5, Gabon nr Ghana Guatemala 3,817 3,65 4,5 3,96 3,8 3,91 Guinea Guyana Haiti Honduras 2,575 3,24 3,5 3,82 3,6 4,79 India 4,672 4,617 4,8 4,367 4,75 4,667 Indonesia 6,6 6,75 6,665 6,65 6,6 6,6 Jamaica and Dep Japan nr Kenya Korea, Republic of nr Laos Liberia Madagascar Malawi Malaysia 1, Mexico 3,9 4, 4,2 4,5 4,5 4,5 Morocco nr New Caledonia Nicaragua 1,13 1,718 1,3 1,75 1,6 1,5 Nigeria Norway nr Panama Papua New Guinea 998 1, Paraguay Peru 3,55 2,42 4,55 3, 4,3 4,3 Philippines Russian Federation nr Rwanda Serbia nr Sierra Leone South Africa, Republic of nr Sri Lanka Switzerland nr Tanzania, United Republic Thailand 884 1, Togo Office of Global Analysis December 28

5 Table 1 Green Coffee Bean 1/ (Continued) Thousand 6-Kilogram bags 2/ 24/5 25/6 26/7 27/8 Jun 28/9 Dec 28/9 Trinidad and Tobago Turkey nr Uganda 2,593 2,159 2,7 3,2 2,85 3,4 United States Venezuela Vietnam 14,5 13,666 19,5 18,333 21,5 19,5 Yemen Zambia Zimbabwe Total 12, , ,364 12,915 14, ,414 nr equals zero 1/ Coffee marketing year begins October in some countries and April or July in others. 2/ One bag pounds. Note: estimates for some countries include cross-border movements. Office of Global Analysis December 28

6 Table 1A Arabica Coffee Thousand 6-kilogram bags 1/ 24/5 25/6 26/7 27/8 Jun 28/9 Dec 28/9 Arabica none Algeria nr Angola Argentina nr Australia nr Benin nr Bolivia Brazil 34,3 26, 36, 26,3 38,5 38,5 Burundi Cameroon Canada nr Central African Republic China, Peoples Republic nr Colombia 11,532 11,953 12,164 12,392 12,2 12,25 Congo (Brazzaville) Congo, Democratic Rep Costa Rica 1,97 1,751 1,782 1,882 1,88 1,88 Cote d'ivoire Croatia nr Cuba Dominican Republic EU-27 nr Ecuador El Salvador 1,329 1,387 1,3 1,48 1,4 1,4 Equatorial Guinea Ethiopia 4,575 4, 4,65 5, 6, 5, Gabon nr Ghana Guatemala 3,82 3,59 4,4 3,95 3,79 3,9 Guinea Guyana Haiti Honduras 2,575 3,24 3,5 3,82 3,6 4,79 India 1,963 1,594 1,662 1,542 1,583 1,5 Indonesia Jamaica and Dep Japan nr Kenya Korea, Republic of nr Laos Liberia Madagascar Malawi Malaysia Mexico 3,8 3,8 4, 4,25 4,25 4,25 Morocco nr New Caledonia Nicaragua 1,13 1,718 1,3 1,75 1,6 1,5 Nigeria Norway nr Panama Papua New Guinea 948 1, Paraguay Peru 3,55 2,42 4,55 3, 4,3 4,3 Philippines Russian Federation nr Rwanda Serbia nr Sierra Leone South Africa, Republic of nr Sri Lanka Switzerland nr Tanzania, United Republic Thailand Togo Office of Global Analysis December 28

7 Table 1A Arabica Coffee (Continued) Thousand 6-kilogram bags 1/ 24/5 25/6 26/7 27/8 Jun 28/9 Dec 28/9 Trinidad and Tobago Turkey nr Uganda United States Venezuela Vietnam Yemen Zambia Zimbabwe Total 78,443 69,356 83,223 73,2 87,762 87,86 nr equals zero 1/ One bag = pounds. Office of Global Analysis December 28

8 Table 1B Robusta Coffee Thousand 6-kilogram bags 1/ 24/5 25/6 26/7 27/8 Jun 28/9 Dec 28/9 Robusta none Caribbean Cuba Dominican Republic Haiti Jamaica and Dep Trinidad and Tobago Central America Costa Rica El Salvador Guatemala Honduras Nicaragua Panama East Asia nr China, Peoples Republic nr Japan nr Korea, Republic of nr European Union nr EU-27 nr Former Soviet Union - 12 nr Russian Federation nr Middle East Turkey nr Yemen North Africa nr Algeria nr Morocco nr North America Canada nr Mexico United States Oceania Australia nr New Caledonia Papua New Guinea Other Europe nr Croatia nr Norway nr Serbia nr Switzerland nr South America 9,635 1,445 11,55 11,574 12,885 12,885 Argentina nr Bolivia Brazil 9,3 1,1 1,7 11,3 12,6 12,6 Colombia Ecuador Guyana Paraguay Peru Venezuela South Asia 2,731 3,47 3,161 2,85 3,191 3,191 India 2,79 3,23 3,138 2,825 3,167 3,167 Sri Lanka Southeast Asia 22,876 21,848 27,36 26,188 29,8 27,8 Indonesia 5,85 6, 5,775 5,85 5,85 5,85 Laos Malaysia 1, Philippines Thailand 884 1, Vietnam 14,117 13,331 19, 17,933 21, 19, Sub-Saharan Africa 6,877 6,51 7,613 6,763 7,317 7,839 Angola Benin nr 1 Burundi Office of Global Analysis December 28

9 Table 1B Robusta Coffee (Continued) Thousand 6-kilogram bags 1/ 24/5 25/6 26/7 27/8 Jun 28/9 Dec 28/9 Cameroon Central African Republic Congo (Brazzaville) Congo, Democratic Rep Cote d'ivoire 2,31 1,962 2,847 1,6 2,5 2,5 Equatorial Guinea 3 3 Ethiopia Gabon nr Ghana Guinea Kenya Liberia Madagascar Malawi Nigeria Rwanda Sierra Leone South Africa, Republic nr Tanzania, United Togo Uganda 2,1 1,684 2,1 2,7 2,23 2,8 Zambia Zimbabwe Total 42,298 42,142 49,117 47,692 52,782 51,34 nr equals zero 1/ One bag = pounds. Office of Global Analysis December 28

10 Table 2 Green Coffee Bean Exports 1/ Thousand kilogram bags 2/ 24/5 25/6 26/7 27/8 Jun 28/9 Dec 28/9 Bean Exports none Algeria nr Angola Argentina nr Australia nr Benin nr Bolivia Brazil 24,55 21,264 26,185 23,77 24,57 24,57 Burundi Cameroon Canada nr Central African Republic China, Peoples Republic nr Colombia 1,352 1,42 1,57 1,874 1,65 1,6 Congo (Brazzaville) Congo, Democratic Rep Costa Rica 1,542 1,388 1,582 1,59 1,5 1,5 Cote d'ivoire 1,738 1,253 2,29 1,525 1,89 1,85 Croatia nr Cuba Dominican Republic EU-27 nr Ecuador El Salvador 1,39 1,275 1,215 1,376 1,313 1,313 Equatorial Guinea Ethiopia 2,625 2,55 2,775 2,85 3,8 3,8 Gabon nr 1 Ghana Guatemala 3,451 3,325 3,7 3,8 3,45 3,6 Guinea Guyana Haiti Honduras 2,45 2,978 3,246 3,395 3,4 3,642 India 2,367 3,271 2,598 3,23 2,85 2,89 Indonesia 4,55 5, 4,643 4,57 4,55 4,55 Jamaica and Dep Japan nr Kenya Korea, Republic of nr Laos Liberia Madagascar Malawi Malaysia Mexico 1,97 2,4 2,5 2,5 2,5 2,5 Morocco nr New Caledonia Nicaragua 985 1,369 1,13 1,555 1,4 1,27 Nigeria Norway nr Panama Papua New Guinea 1,1 1, Paraguay Peru 3,36 2,225 4,43 2,7 4,18 4,18 Philippines Russian Federation nr Rwanda Serbia nr Sierra Leone South Africa, Republic of nr Sri Lanka Switzerland nr Tanzania, United Republic Thailand Togo Office of Global Analysis December 28

11 Table 2 Green Coffee Bean Exports 1/ (Continued) Thousand kilogram bags 2/ 24/5 25/6 26/7 27/8 Jun 28/9 Dec 28/9 Trinidad and Tobago Turkey nr Uganda 2,489 2,2 2,7 3,2 2,857 3,1 United States Venezuela Vietnam 13,95 12,933 18,5 16, 2,5 18,5 Yemen Zambia Zimbabwe Total 83,778 8,187 94,285 89,66 95,968 94,514 nr equals zero 1/ Coffee marketing year begins October in some countries and April or July in others. 2/ One bag pounds. Office of Global Analysis December 28

12 Table 3 Green Coffee Bean Imports 1/ Thousand kilogram bags 2/ 24/5 25/6 26/7 27/8 Jun 28/9 Dec 28/9 Bean Imports none Algeria 1,9 2,1 1,825 1,9 nr 2, Angola Argentina nr 5 Australia nr 95 Benin nr Bolivia Brazil Burundi Cameroon Canada 2,3 2,2 2,175 2,19 nr 2,2 Central African Republic China, Peoples Republic nr 35 Colombia Congo (Brazzaville) Congo, Democratic Rep Costa Rica Cote d'ivoire Croatia nr 33 Cuba Dominican Republic EU-27 42,67 43,45 45,78 44,72 nr 45,5 Ecuador El Salvador Equatorial Guinea Ethiopia Gabon nr Ghana Guatemala 2 Guinea Guyana Haiti Honduras India Indonesia Jamaica and Dep Japan 6,6 6,4 6,2 6,2 nr 6,1 Kenya Korea, Republic of 1,4 1,425 1,4 1,55 nr 1,6 Laos Liberia Madagascar Malawi Malaysia Mexico Morocco nr 6 New Caledonia Nicaragua Nigeria Norway nr 625 Panama Papua New Guinea Paraguay Peru Philippines Russian Federation nr 1, Rwanda Serbia nr 6 Sierra Leone South Africa, Republic of nr 425 Sri Lanka Switzerland 1,55 1,275 1,49 1,71 nr 1,9 Tanzania, United Republic Thailand Togo Office of Global Analysis December 28

13 Table 3 Green Coffee Bean Imports 1/ (Continued) Thousand kilogram bags 2/ 24/5 25/6 26/7 27/8 Jun 28/9 Dec 28/9 Trinidad and Tobago Turkey nr 24 Uganda United States 2,48 2,83 22,11 21,775 22, Venezuela 1 Vietnam Yemen Zambia Zimbabwe Total 83,314 84,155 88,342 87,839 2,89 89,62 nr equals zero The June 28/9 forecast does not include imports from non-producing countries. Future revisions will include import data for non-producing countries. 1/ Coffee marketing year begins October in some countries and April or July in others. Coffee marketing year for non-producing countries begins in October. Please note that the inclusion of data for non-producing countries is limited to imports of green coffee beans. Roasted and soluble coffee import data as well as green, roasted, and soluble export data have been excluded for non-producing countries. 2/ One bag pounds. Office of Global Analysis December 28

14 Table 4 Green Coffee Bean Ending 1/ Thousand 6-Kilogram bags 2/ 24/5 25/6 26/7 27/8 Jun 28/9 Dec 28/9 Ending none Algeria nr Angola Argentina nr Australia nr Benin nr Bolivia Brazil 11,999 7,641 8,361 1,221 6,311 6,321 Burundi Cameroon Canada nr Central African Republic China, Peoples Republic nr Colombia 931 1,215 1,32 1,7 1, Congo (Brazzaville) Congo, Democratic Rep Costa Rica Cote d'ivoire Croatia nr Cuba Dominican Republic EU-27 15,2 12,3 14,3 14, nr 14,3 Ecuador El Salvador Equatorial Guinea Ethiopia ,2 1,725 1,8 1,325 Gabon nr Ghana Guatemala Guinea Guyana Haiti Honduras India 1,734 1,812 2,228 1,661 1,851 1,678 Indonesia Jamaica and Dep Japan 2,45 2,45 2,16 1,96 nr 1,86 Kenya Korea, Republic of nr Laos Liberia Madagascar Malawi Malaysia Mexico Morocco nr New Caledonia Nicaragua Nigeria Norway nr 125 Panama Papua New Guinea Paraguay Peru Philippines Russian Federation nr Rwanda Serbia nr Sierra Leone South Africa, Republic of nr Sri Lanka Switzerland nr 2 Tanzania, United Republic Thailand Togo Office of Global Analysis December 28

15 Table 4 Green Coffee Bean Ending 1/ (Continued) Thousand 6-Kilogram bags 2/ 24/5 25/6 26/7 27/8 Jun 28/9 Dec 28/9 Trinidad and Tobago Turkey nr Uganda United States 5,7 5,2 5,7 5,6 5,7 Venezuela Vietnam , ,857 Yemen Zambia Zimbabwe Total 45,66 38,62 41,768 34,518 17,16 39,597 nr equals zero The June 28/9 forecast does not include imports from non-producing countries. Future revisions will include import data for non-producing countries. 1/ Coffee marketing year begins October in some countries and April or July in others. Coffee marketing year for non-producing countries begins in October. Please note that the inclusion of data for non-producing countries is limited to imports of green coffee beans. Roasted and soluble coffee import data as well as green, roasted, and soluble export data have been excluded for non-producing countries. 2/ One bag pounds. Office of Global Analysis December 28

16 Table 5 World Coffee Supply and Distribution, 28/9 Thousand 6-kilogram bags 1/ Country Beginning Total Bean Imports Domestic Use Bean Exports Ending Exportable Caribbean Cuba Dominican Republic Haiti Jamaica and Dep Trinidad and Tobago Total Caribbean 228 1, Central America Costa Rica 64 1, , ,575 El Salvador 44 1, , ,188 Guatemala 55 3, , ,64 Honduras 235 4, , ,83 Nicaragua 58 1,5 2 1, ,3 Panama Total Central America , ,296 11, ,633 East Asia China, Peoples Republic of Japan 1,96 6,1 6,2 1,86 Korea, Republic of 1,6 1,6 Total East Asia 1,96 8,5 8,15 1,86 European Union EU-27 14, 45,5 45,2 14,3 Total European Union 14, 45,5 45,2 14,3 Former Soviet Union - 12 Russian Federation 1, 1, Total Former Soviet Union , 1, Middle East Turkey Yemen Total Middle East North Africa Algeria 2, 2, Morocco 6 6 Total North Africa 2,6 2,6 North America Canada 2,2 2,2 Mexico 21 4,5 1 2, 2,5 5 2,5 United States 5, , 22,7 5,7 Total North America 5,81 4,67 24,21 26,27 2,5 5,75 2,5 Oceania Australia New Caledonia Papua New Guinea Total Oceania Croatia Norway Serbia 6 6 Office of Global Analysis December 28

17 Table 5 World Coffee Supply and Distribution, 28/9 (Continued) Thousand 6-kilogram bags 1/ Country Beginning Total Bean Imports Domestic Use Bean Exports Ending Exportable Switzerland 2 1,9 1,9 2 Total Other Europe 325 3,455 3, South America Argentina 5 5 Bolivia Brazil 1,221 51,1 18, 24,57 6,321 33,1 Colombia 1,7 12,25 1,25 1, , Ecuador Guyana Paraguay Peru 26 4, , ,182 Venezuela Total South America 3,165 69, ,93 39,856 8,69 49,9 South Asia India 1,661 4, ,6 2,89 1,678 3,67 Sri Lanka Total South Asia 1,682 4,7 7 1,63 2,892 1,7 3,7 Southeast Asia Indonesia 68 6,6 45 2,48 4, ,12 Laos Malaysia Philippines , Thailand Vietnam 1,838 19, ,5 1,857 18,593 Total Southeast Asia 2,128 28,388 1,56 5,418 23,579 2,153 23,342 Sub-Saharan Africa Angola Benin Burundi Cameroon Central African Republic Congo (Brazzaville) 3 3 Congo, Democratic Rep of the Cote d'ivoire 4 2, , ,185 Equatorial Guinea Ethiopia 1,725 5, 1,6 3,8 1,325 3,4 Gabon 1 1 Ghana Guinea Kenya Liberia Madagascar Malawi Nigeria Rwanda Sierra Leone South Africa, Republic of Tanzania, United Republic of Togo Uganda 11 3,4 1 3, ,3 Zambia Office of Global Analysis December 28

18 Table 5 World Coffee Supply and Distribution, 28/9 (Continued) Thousand 6-kilogram bags 1/ Country Beginning Total Bean Imports Domestic Use Bean Exports Ending Exportable Zimbabwe Total Sub-Saharan Africa 4,295 16, ,393 13,82 4,26 13,17 World World 34, ,414 89,62 121,539 94,514 39,597 13,872 1/ One bag = pounds. Green Bean Equivalent. Office of Global Analysis December 28

19 Table 6 World Coffee Supply and Distribution, 27/8 Thousand 6-kilogram bags 1/ Country Beginning Total Bean Imports Domestic Use Bean Exports Ending Exportable Caribbean Cuba Dominican Republic Haiti Jamaica and Dep Trinidad and Tobago Total Caribbean Central America Costa Rica 77 1, , ,577 El Salvador 31 1, , ,268 Guatemala 125 3, ,8 55 3,69 Honduras 88 3, , ,563 Nicaragua 83 1, , ,56 Panama Total Central America ,24 3 1,27 11, ,754 East Asia China, Peoples Republic of 3 3 Japan 2,16 6,2 6,4 1,96 Korea, Republic of 1,55 1,55 Total East Asia 2,16 8,5 8,25 1,96 Total European Union 14,3 44,72 45,2 14, Former Soviet Union - 12 Russian Federation Total Former Soviet Union Middle East Turkey Yemen Total Middle East North Africa Algeria 1,9 1,9 Morocco Total North Africa 2,47 2,47 North America Canada 2,19 2,19 Mexico 39 4,5 1 1,985 2,5 21 2,515 United States 5, ,775 22,46 5,6 Total North America 6,9 4,671 23,966 26,221 2,5 5,81 2,515 Oceania Australia New Caledonia Papua New Guinea Total Oceania Croatia Norway Switzerland 2 1,71 1,71 2 Total Other Europe 325 3,21 3, South America Office of Global Analysis December 28

20 Table 6 World Coffee Supply and Distribution, 27/8 (Continued) Thousand 6-kilogram bags 1/ Country Beginning Total Bean Imports Domestic Use Bean Exports Ending Exportable Argentina Bolivia Brazil 8,361 37,6 17,45 23,77 1,221 2,15 Colombia 1,32 12,392 1,25 1,874 1,7 11,142 Ecuador Guyana Paraguay Peru 24 3, 118 2,7 26 2,882 Venezuela Total South America 1,442 54, ,361 38,6 3,165 34,968 South Asia India 2,228 4, ,66 3,23 1,661 2,761 Sri Lanka Total South Asia 2,246 4, ,636 3,25 1,682 2,766 Southeast Asia Indonesia 48 6,65 4 2,43 4, ,22 Laos Malaysia Philippines , Thailand Vietnam , , 1,838 17,448 Total Southeast Asia ,444 1,469 5,369 21,252 2,128 22,449 Sub-Saharan Africa Angola Benin Burundi Cameroon Central African Republic Congo (Brazzaville) 3 3 Congo, Democratic Rep of the Cote d'ivoire 539 1, , ,31 Equatorial Guinea 3 3 Ethiopia 1,2 5, 1,625 2,85 1,725 3,375 Gabon 2 2 Ghana Guinea Kenya Liberia Madagascar Malawi Nigeria Rwanda Sierra Leone South Africa, Republic of Tanzania, United Republic of Togo Uganda 71 3,2 6 3,2 11 3,14 Zambia Zimbabwe Total Sub-Saharan Africa 4,349 14, ,34 11,174 4,295 11,42 World Office of Global Analysis December 28

21 Table 6 World Coffee Supply and Distribution, 27/8 (Continued) Thousand 6-kilogram bags 1/ Country Beginning Total Bean Imports Domestic Use Bean Exports Ending Exportable World 41,768 12,915 87,839 12,273 89,66 34,518 87,43 1/ One bag = pounds. Green Bean Equivalent. Office of Global Analysis December 28

22 Table 7 World Coffee Supply and Distribution, 26/7 Thousand 6-kilogram bags 1/ Country Beginning Total Bean Imports Domestic Use Bean Exports Ending Exportable Caribbean Cuba Dominican Republic Haiti Jamaica and Dep Trinidad and Tobago Total Caribbean Central America Costa Rica 2 1, , ,459 El Salvador 45 1, , ,89 Guatemala 25 4,5 27 3, ,78 Honduras 63 3, , ,261 Nicaragua 122 1, , ,121 Panama Total Central America , ,297 1, ,85 East Asia China, Peoples Republic of 3 3 Japan 2,45 6,2 6,49 2,16 Korea, Republic of 1,4 1,4 Total East Asia 2,45 7,9 8,19 2,16 Total European Union 12,3 45,78 43,78 14,3 Former Soviet Union - 12 Russian Federation Total Former Soviet Union Middle East Turkey Yemen Total Middle East North Africa Algeria 1,825 1,825 Morocco Total North Africa 2,385 2,385 North America Canada 2,175 2,175 Mexico 7 4,2 21 1,839 2,5 39 2,361 United States 5, ,11 21,774 5,7 Total North America 5,9 4,364 24,36 25,788 2,5 6,9 2,361 Oceania Australia 9 9 New Caledonia Papua New Guinea Total Oceania Croatia Norway Switzerland 2 1,49 1,49 2 Total Other Europe 325 3,6 3,6 325 South America Office of Global Analysis December 28

23 Table 7 World Coffee Supply and Distribution, 26/7 (Continued) Thousand 6-kilogram bags 1/ Country Beginning Total Bean Imports Domestic Use Bean Exports Ending Exportable Argentina 5 5 Bolivia Brazil 7,641 46,7 16,72 26,185 8,361 29,98 Colombia 1,215 12,164 1,24 1,57 1,32 1,924 Ecuador Guyana Paraguay Peru 24 4, , ,43 Venezuela Total South America 9,687 65, ,67 41,588 1,442 46,157 South Asia India 1,812 4, ,54 2,598 2,228 3,746 Sri Lanka Total South Asia 1,831 4, ,84 2,61 2,246 3,748 Southeast Asia Indonesia 88 6, ,33 4, ,335 Laos Malaysia Philippines , Thailand Vietnam , , ,642 Total Southeast Asia ,484 1,41 5,235 23, ,66 Sub-Saharan Africa Angola Benin 1 1 Burundi Cameroon Central African Republic Congo (Brazzaville) 3 3 Congo, Democratic Rep of the Cote d'ivoire 7 2, , ,53 Equatorial Guinea 3 3 Ethiopia 825 4,65 1,5 2,775 1,2 3,15 Gabon Ghana Guinea Kenya Liberia Madagascar Malawi Nigeria Rwanda Sierra Leone South Africa, Republic of Tanzania, United Republic of Togo Uganda 146 2,7 75 2,7 71 2,625 Zambia Zimbabwe Total Sub-Saharan Africa 4,33 15, ,234 11,81 4,349 12,525 World Office of Global Analysis December 28

24 Table 7 World Coffee Supply and Distribution, 26/7 (Continued) Thousand 6-kilogram bags 1/ Country Beginning Total Bean Imports Domestic Use Bean Exports Ending Exportable World 38,62 132,364 88, ,88 94,285 41,768 1,213 1/ One bag = pounds. Green Bean Equivalent. Office of Global Analysis December 28

25 Coffee: ICO Monthly and Composite Indicator Prices on the New York Market 1979 ICA Agreement Basis Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Annual Cents per pound Colombian: (Mild Arabicas) / Other: (Mild Arabicas) / Brazilian and Other: (Arabicas) / Robustas: / Composite 1979 ICA: / Source: International Coffee Organization (ICO). Note: N/A = not available. International Coffee Agreement (ICA) 1/ Cumulative through the latest month. New series for the calculation of the composite price from October 1, 21. Office of Global Analysis December 28