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Global coffee production expected to recover in 2022/23 with Brazil crop

Global coffee production is estimated to increase by 6.6 million bags to 172.8 million in 2022/23, with consumption just 800,000 bags more than the previous season's 167.9 million.

The report noted that “against this situation of improving supply”, coffee prices released by the International Coffee Organization have fallen by 25% since February.

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