Looking Lean on the Beans
This entry was posted on December 10, 2008.
We wrote recently about the environmental factors in India that may reduce that country's crop harvest this season, and it's looking like the current economic influences are making it hard for Brazilian farmers to get the loans required to fertilize and harvest their entire plantations.
What does this mean for us? Well, annual consumption of coffee beans per year is around 130 million pounds, but production is now estimated at around 122 million pounds of beans for the next harvest season, leaving us with a possible 8 million pound shortfall.