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Global coffee consumption to exceed production by 3.1 million bags for the year 2022/23 

07 December 2022

Global coffee consumption to exceed production by 3.1 million bags for the year 2022/23

International Coffee Organization’s (ICO) November report announced global coffee consumption to grow by 3.3 percent to 170.3 million bags (60kg) in 2022/23 compared to the 2021/22 marketing year. This surge in demand is expected to happen despite 2022/23’s production forecast reaching 167.2 million bags, 2.1 percent down compared to the prior year’s 170.83 million bags, resulting in coffee consumption exceeding production by 3.1 million bags.

https://www.gcrmag.com/i-cip-remains-firm-and-stabilises-ico-report/#more-31421

Ethiopia’s export coffee earnings grew by 126 million USD 

Ethiopian Coffee and Tea Authority (ECTA) reported an earning of 526 million USD from coffee exports ( July-Oct 2022 exports). The revenue has seen an increment of 126 million USD compared to the same period of the prior year.

https://www.facebook.com/ethiopianewsagency/posts/pfbid06cci3W56rhK12ZSgnG3vEWqsNDQL3rsSvR3GJ3ko3sb3v2jXvE1go6GV1DJwfYXxl

„The future of coffee“ by Euromonitor International 

The latest report from Euromonitor International (a market research firm) emphasized the growing demand for high-quality beans amidst climate change effects.

shorturl.at/bBZ67

It is „plausible,“ according to German researchers, that coffee can prevent COVID infection.

A team of researchers at Jacobs University in Bremen, Germany announced, that chlorogenic acid in coffee could potentially prevent COVID infection. Professor Nikolai Kuhnert suggested epidemiological studies as the next step in validating if regular coffee drinking prohibits COVID infection.

https://dailycoffeenews.com/2022/11/30/german-researchers-say-its-plausible-coffee-can-prohibit-covid-infection/

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