Ending stocks in 2013/14 are forecast to continue rising in producing countries, particularly Brazil and Vietnam, while consuming countries remain relatively flat. Global stocks have been rising over the last several years as world production outpaces consumption.
Global production is now forecast at 150.5 million bags, down 2.8 million from the previous year as Vietnam’s record output is more than offset by declines in Brazil, Indonesia, Mexico and Central America. A modest increase in world exports is expected on strong shipments from Vietnam and Colombia.
