Global coffee harvest to fall short of demand as fertiliser costs stay elevated

The market is expected to record a deficit of 7.3m bags

The International Coffee Association sees production rising only 1.7% to 171.3m bags in the current season.

The global coffee market will record a deficit of 7.3m bags in the annual season that runs to September as increased global fertiliser costs and adverse weather last year hurt crops, the International Coffee Association (ICO) has said. 

This follows a deficit of 7.1m bags in the previous season when coffee consumption bounced back and economic growth improved as the world emerged from the covid pandemic, said the ICO in a monthly report.