The Ethiopian Coffee and Tea Authority reported the increased export of Ethiopian green coffee beans for the month of Ginbot (May 9 and June 7, 2021). ECTA reported the country has exported 32,669 MT of green coffee beans to the global market with an additional 3,869 MT compared from the previous month along with 10% price increment to prices from the previous year.
Cecafé, the Council of Coffee Exporters of Brazil reported the decreased coffee exports for the month of May due to logistic issues, new ICO rules on statistics, and certificate of origin. Green coffee exports decreased by 20.5% to 2,340,596 bags, of which 2,052,969 bags of Arabica (-16.5%) and 287,627 of Robusta (-40.9%).
The USDA reports came out with a 12% decrease for 2021/22 Honduran coffee production. The production forecast for marketing year (MY) 2021/22 is 5.5 million 60-kilogram (kg) bags. Favorable weather conditions for a higher incidence of leaf rust are forecasted to impact production directly.COVID-19 incidence is expected to remain high in Honduras and post-hurricane road infrastructure rehabilitation efforts will still be underway. As a consequence, MY 2021/22 export forecast is 5 million bags.
The instant coffee market is expected to grow by USD 9.26 billion during 2021-2025, progressing at a CAGR of about 5% during the forecast period. Based on Technavio's analysis it is estimated that Japan, US, Russian Federation, China and UK will have the highest revenue share globally and expected to remain the largest markets for instant coffee. During the forecast period, the market will show an accelerating growth of $8.88 billion. The analysis emphasizes sub-segments such as Spray-Dried, Freeze-Dried as they will be the key driving forces in the forecasted period .
