As per Marex Spectron, Coffee production of the world is likely to decline at 152.6 million bags for 2017/18 against 153.5 million in 2016/17. While demand for 2017/18 is placed higher at 155.60 million bags from 153.70 million bags. Global Coffee deficit is projected at 3 million bags for 2017/18 due to lower crop production estimates in Brazil.
Information source: www.skymetweather.com
