The drop in coffee production is mainly attributed to weather-related issues and Brazil’s arabica trees entering the off-year of the biennial production cycle. As a result of lower output, global ending inventories are expected to drop 7.9 million bags to 32.0 million.
The CAGR is anticipated to be 10%, with the growth in Sub-Saharan Africa’s working population expected to increase demand for capsules.
Coffee consumption has been linked with lower rates of CLD. Researchers from several UK universities found all types of coffee consumption (including decaf) were linked to reduced risk of chronic liver disease. Over a 10.7-year median time frame, coffee drinkers had a 21% reduced risk of chronic liver diseases and a 49% reduced risk of chronic liver disease-related death.
The first phase expansion of Berbera port has been executed and was officially inaugurated on Thursday , June 26 2021. The terminal corridor is jointly owned by DP World, Somaliland, and Ethiopia with 51, 30 and 19 percent shares respectively. The first phase expansion project will enable it to keep 500,000 containers and handle 1 million containers in a year.