Friday, November 14, 2008

Coffee Production to Rise 15% to Record on Brazil, Licht Says

By Claudia Carpenter

Nov. 13 (Bloomberg) -- Global coffee production will rise 15 percent to a record 139 million bags this season on bigger crops from Brazil and Vietnam, the world's largest growers, F.O. Licht said in its first estimate for the harvest that started Oct. 1.

The jump from 121.1 million bags last season will include a Brazil crop of 49.7 million bags and a Vietnam harvest of 20.9 million bags, F.O. Licht analyst Stefan Uhlenbrock said in an interview today from Ratzeburg, Germany. A bag weighs 60 kilograms (132 pounds).

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