The briefing examines how the coffee commodity is performing globally and in the largest countries in terms of supply and production. The report also provides data and analysis on coffee price dynamics, as well as analysing trends across key commodity consuming industries.
This report comes in PPT.
Global coffee production occurs predominantly in regions highly susceptible to climate change effects, such as Latin America, Asia Pacific and Africa, where droughts, excessive rainfall and even frosts severely impact coffee yields. Additionally, the increase in global temperatures is contributing to the proliferation of pests and diseases, further threatening the coffee supply. In the 2022/2023 coffee season, these challenges intensified, underscoring the need for sustainable and resilient coffee farming practices.
Global coffee production is dominated by emerging economies, with considerable potential for growth in agricultural productivity. To enhance resilience against climate change, governments are channelling investment into advanced irrigation technologies, with a growing emphasis on the adoption of more sophisticated agricultural methods.
The application of coffee is diversifying, evident in the broad array of both hot and cold coffee beverages available in coffee shops, growth in the ready-to-drink (RTD) coffee category, and the rise in at-home coffee consumption, driven by increased household penetration of coffee machines. Additionally, the expanding variety of speciality coffees, renowned for their unique flavours that attract discerning consumers, contributes to an even broader array of products for consumers to enjoy, further enhancing coffee consumption.
The global coffee trade is increasingly focused on fair compensation for coffee-growing communities. From August 2023, the Fairtrade Minimum Price for coffee was raised significantly, up by 29% to a minimum of USD1.80 per pound from the previous set price of USD1.40. The rise mirrors growing demand for social responsibility and sustainable practices in the coffee industry, encouraging companies to offer fair wages and protect biodiversity in their supply chains.
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