Global 2005 Coffee Output to Extend Decline, ICO Says

April 19 (Bloomberg) -- Global coffee production may fall for a second straight year in the 2004-2005 agricultural year as declining prices hamper farmers' efforts to grow the crop, the International Coffee Organization said.

Output for the 2003-2004 crop year ending in September will drop 15 percent to 101.38 million bags, the London-based ICO said in an e-mailed copy of its monthly report. It's the first year in five that the harvest is below consumption levels.

More...