ICO coffee crop forecast, Ethiopia cited

The International Coffee Organization cut its forecast for the global coffee crop in the 2011/12 to 130.9 million 60Kg bags, down from a previous estimate of 132.4 million. The ICO said the move partly reflected a reduced forecast for the crop in Ethiopia. “The Ethiopian authorities have revised their estimate for production in 2011/12 to 8.3 million bags, down from 9.8 million as previously reported, although other sources report significantly lower estimates,” the ICO said in a monthly update.
(The Sub-Saharan Informer)