LONDON, Feb 23 (Reuters) - Coffee inventories in producing countries have reached a record low, the International Coffee Organisation (ICO) said on Wednesday.
"Today they are at their lowest level in history," said Jose Sette, the executive director of the ICO, adding that coffee stocks in consuming countries would last for another three to four months of consumption.
He said coffee inventories have been steadily depleted for the past few years as bean supply has lagged demand, with demand in emerging markets growing at more than 4 percent a year.
Source: (Reporting by Anna Yukhananov; editing by Alison Birrane) ((anna.yukhananov@thomsonreuters.com; +44 207 542 1450; Reuters Messaging: anna.yukhananov.thomsonreuters.com@reuters.net))
