According to a recently published report by the USDA “World coffee production for 2015/16 is forecast up 600,000 bags over the previous year to 150.1 million as record output in Indonesia and Honduras–as well as recovery in Vietnam–more than offsets a shortfall in Brazil. Global exports and consumption are forecast at record quantities, lowering ending stocks to 36.7 million bags.” Favorable weather has help to boost the output of crops in Indonesia and Honduras.
“World production is revised up from the June estimate by 3.2 million bags to 149.5 million”
If the weather holds, your daily Starbucks cup may go down. Good news for coffee consumers, but bad news for organic growers. As the global production rises prices for their goods will fall. You may see your favorite house blend fall by the wayside.