The U.S. Department of Agriculture is scheduled to release its 2nd “World Markets and Trade” report for the 2013-14 coffee cycle on Dec. 13th. The latest outlook is expected to include a number of downward revised figures for expected production out of key growers Brazil, Vietnam and Indonesia, countries that all have seen their 2013-14 crops suffer varying degrees of damage from erratic weather. The figure for Colombia, however, may be revised upward as evidence is growing on the ongoing recovery there.
Traders and analysts are also expecting the USDA to possibly release its first forecast for the next 2014-15 harvest in Brazil, based on early flowering reports from the world’s largest producer and exporter. Please stay tuned, as soon as the report is out SpillingTheBeans will publish all the details of supply and demand outlook for coffee in the year ahead.