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Showing posts from March, 2010

Africa key to meeting increased demand for coffee

March 01, 2010 Reuters By Sarah Grainger and Marcy Nicholson GUATEMALA CITY - Coffee production in Africa could help meet increasing global demand for the popular drink, but the continent is hampered by a lack of investment in infrastructure and technology, analysts said. "The potential is there in Africa but it depends on investment and how quickly they act," said ICO Executive Director Nestor Osorio. Osorio spoke at the Feb. 26-28 International Coffee Conference in Guatemala City. Global demand continues to grow, with consumption projected to reach 134 million 60-kg bags in 2010. Meanwhile, the International Coffee Organization has estimated that global coffee output could fall possibly as low as 123-125 million bags in the 2009/10 crop year. The Inter African Coffee Organization says Africa's share of global coffee production dropped from 27 percent in the 1980s to 12 percent in the 2008/09 crop year after quotas in the International Coffee Agreement were...