World coffee production for 2012/13 is forecast at a record 151 million bags, up almost 7 million from the previous year, marking the third consecutive year of rising output, according to a recent U.S. Department of Agriculture report. Brazil is forecast to account for nearly all the gain as its Arabica crop enters the on-year of the biennial production cycle, while Indonesia’s higher production is offset by Vietnam’s lower output. Colombia is forecast down slightly from last year to its lowest level in four decades. Global bean exports are forecast at a record. Although ending stocks are forecast higher, supplies remain tight. Read full report.
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