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Wednesday, April 6, 2011

Forecast coffee production : ICO trims 2010-11 coffee output to 133.1m bags

LONDON, April 6, 2011- Global 2010-11 coffee production was revised slightly lower to 133.1 million 60-kg bags, partly due to the La Nina weather pattern reducing output, the International Coffee Organization said on Wednesday.

The estimate was down 0.6 million bags from the previous month but remained well above 2009-10 output of 123.1 million bags.

"Production data for the Asia and Oceania region have been revised downward, especially Indonesia where the impact of La Nina phenomenon has been more severe than expected," the ICO said in its monthly report. 
Source : reuters