The cumulative opening stocks of exporting nations in the world is at a 46 year low of 12.9 million bags while high being 85.8 million bags way back in 1966 and second high being 81 million bags in 1967. The decade lows are as follows
1964-1970 β 64.5 million bags (1970)
1971-1980 β 29.6 million bags (1977)
1981-1990 β 42.6 million bags (1987)
1991-2000 β 40.0 million bags (1998)
2001-2010 β 12.9 million bags (2010 forecast)
Brazil which produces 48% of the world coffee production is entering the off year 2011-12 for production in the biennial cycle for Arabica production in which an abundant crop in one year is followed by a lower crop in the next. To brief the biennial cycle for Brazil the production for the past four years is as follows
2007 β 36070 thousand bags
2008 β 45993 thousand bags
2009 β 39470 thousand bags
2010 β 48095 thousand bags
Data source www.ico.org
1964-1970 β 64.5 million bags (1970)
1971-1980 β 29.6 million bags (1977)
1981-1990 β 42.6 million bags (1987)
1991-2000 β 40.0 million bags (1998)
2001-2010 β 12.9 million bags (2010 forecast)
Brazil which produces 48% of the world coffee production is entering the off year 2011-12 for production in the biennial cycle for Arabica production in which an abundant crop in one year is followed by a lower crop in the next. To brief the biennial cycle for Brazil the production for the past four years is as follows
2007 β 36070 thousand bags
2008 β 45993 thousand bags
2009 β 39470 thousand bags
2010 β 48095 thousand bags
Data source www.ico.org
