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Will Huge Coffee Crops Drive Down Prices
November and December is when most of the world starts harvesting gourmet coffee - so how does this year's coffee production look? And what effect did Africa and its emerging coffee farms have on the world production?
Africa has all the resources to be a major gourmet coffee producer - so its was only time before they produced a huge gourmet coffee crop.
This year’s coffee report calls for major production improvement and output record levels for African coffee producing countries. The African output will so far exceed expected output that it will also cause the world’s production to exceed expectant levels. Still will the excess coffee the wholesale prices continue to increase. However as demand is not able to keep up with supply look for prices to plummet.
Also the quality of the African coffee is far less that its South American counterparts. Many consider Costa Rica, Brazil and Columbia to have the finest coffee in the world. The Africa coffee is not even close in terms of quantity or quality and much of the African coffee is a robusta bean. The Latin America coffee countries only produce Arabica bean which is a far superior bean. The African coffees are also lacking in the production of certified organic coffee.
World coffee production in the current season will be greater than previously expected and will set a record, the Agriculture Department said today. In its weekly report on world agriculture, the FDA department put the global coffee crop at over 96 million bags, up 1.its alot of coffee - up 100 million bags alone. Improved prospects in Kenya, Nigeria and South Africa, the leading coffee-growing countries was the main factor in the higher estimate, the report said. Despite large world coffee supplies, several major retailers have raised prices in recent months because of actions taken under the International Coffee Agreement to prop up prices. Kenya and Nigeria commented that short term agriculture programs were finally taking effect and helping with production. Other cited factors included improved water, water supply and consistent water along with improved farming techniques and farming co-ops. Coffee farmers shared their resources and knowledge to help each other produce more.
So this winter by December you should start seeing some of this wonderful gourmet coffee crop in your local store. This years coffee will not only taste great but will be in huge quantity. Due to supply being so great prices will come down soon. So toast that cheap but wonderful cup of gourmet coffee.