Ethiopia overtakes Colombia as number three coffee producer in the world
Jan 17 2012
LONDON Jan 16 (Reuters) - The International Coffee Organization on Monday raised its estimate of the global coffee crop in 2011/12 to 132.4 million 60 kg bags as Ethiopia overtook Colombia as the world's number three producer.
The crop was revised up from a previous forecast of 128.6 million, largely reflecting an improved outlook in Ethiopia. It remained, however, shy of the prior season's 134.2 million bags.
The ICO, in a monthly update, put Ethiopia's 2011/12 crop at 9.80 million bags, up from a previous forecast of 6.35 million and the prior season's 7.50 million.