ICO raises global coffee surplus forecast.
| Position | International Coffee Organization |
The International Coffee Organization on Wednesday raised its forecast for global coffee production in 2018/19 to 168.77 million 60-kg bags from 167.75 million. The inter-governmental body now sees a global surplus of 3.92 million bags for the season versus a previously expected surplus of 3.11 million. The ICO also raised its forecast for global...
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