In its initial projections for world coffee supply and demand in 2021-22, the U.S. Department of Agriculture projected that the global stock would fall by 7.88 million bags to 32.02 million bags.
Stock is expected to drop to its lowest level since 2011. The main reason for such a large decrease is the decrease in yield due to adverse weather conditions.
Heavy rains in North Sumatra, where around 60 percent of Indonesia’s Arabica production is obtained, are also expected to negatively affect yields.
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