date:Aug 27, 2014
op and rising consumption means a global production deficit of as much as 10 million bags in the year that starts 1 October, said the International Coffee Organisation in London. Volcafe Ltd, a unit of commodities trader EDF Man Holdings Ltd., estimated the deficit at 11.3 million bags. About 58 per cent of world output is arabica, a bean favored by Starbucks, while the rest is robusta used in instant coffees and blends.
Inventories also are shrinking, with reserves at the end of 2013 totaling