Friday, 18 April 2014 | 18:58
SPONSORS
View by:

Global coffee consumption up at 136.5 million bags in 2011: ICO

Thursday, 23 February 2012 | 14:01
World coffee consumption rose almost 2 per cent to an estimated 136.5 million bags in 2011 on the back of rising consumers in exporting countries and growing demand in emerging markets.
The global consumption stood at 135 million bags in 2010, according to the International Coffee Organisation (ICO) data.
“This increase can be attributed to growing demand in emerging markets, rising domestic consumption in exporting countries and the resilience of coffee consumption to the current economic crisis,” ICO said in its report.
More specifically, in Brazil economic growth, combined with better income distribution and relatively low unemployment rates, has encouraged the increase in coffee consumption, it added.
ICO expects the global coffee consumption to rise on the back of rising number of consumers in exporting countries.
Demand prospects for coffee continue to be promising, particularly given the growth of niche markets in traditional consuming countries and the arrival of new consumers in emerging markets and exporting countries, it noted.
“In many other countries, particularly in India, the proliferation of coffee bars is a sign of the dynamism of coffee consumption,” it noted.
According to the government-run Coffee Board of India, consumption of the brew grew 6 per cent to 1,08,000 tonnes in 2010 against 1,02,000 tonnes in 2009.
Source: PTI
Comments
    There are no comments available.
    Name:  
    Email:  
    Comment:  
     
    In order to send the form you have to type the displayed code.

     
SPONSORS