(Ecofin Agency) - Sucden financial, UK brokerage arm of the French trading firm Sucres & Denrées (Sucden), expects a global coffee deficit of 3.6 million bags at the end of the 2017/2018 year, Reuters reports. 

The world’s output should thus be slightly lower than the previous season standing at 154.4 million bags while demand will grow by 2 million bags to 158 million bags. 

According to the firm, the forecasts are based on a sustained growth of the beans’ consumption driven by major importers, a new demand from markets and the depreciation of the dollar.  

Concerning coffee’s main suppliers, Brazil should produce 50.6 million bags in 2017/2018 while Vietnam, the world’s second largest producer, should get an output of 28.1 million bags. Moreover, Columbia will record an output of 14.5 million bags and Indonesia will produce 10.5 million bags. 

Let’s note that coffee’s main consumption markets are the European Union, USA, Brazil, Japan and Philippines.  

Espoir Olodo