Coffee

Today’s market size offers a measure of the world’s coffee production. The U.S. Department of Agriculture tracks many, many agricultural products, geographically, by output, by shipment and even by consumption. Another example of how the federal government’s data collection agencies provide us with an extremely valuable service.

Happy tax day!

Geographic reference: World
Year: 2000/2001 and 2010/2011
Market size: 117,521 and 139,084 thousand 60-Kilogram Bags respectively
Source: “Table 01 – Coffee World Production, Supply and Distribution,” Coffee: World
Markets and Trade,
page 4, December 2010, available online here.
Original Source: U.S. Department of Agriculture, Foreign Agricultural Service

Coffee in Puerto Rico

Puerto Rico is experiencing a decline in its coffee production. Over the period from 2002 to 2009 the island saw a decline of more than half in the number of farms growing coffee beans, from 9,000 in 2002 to 4,000 on 2009. According to the source article, the reasons for this decline are varied and include flooding from recent tropical storms as well as difficulty finding enough workers to pick the coffee beans at harvest time. Despite high unemployment rates an estimated $25 million worth of coffee was left unpicked in the 2009-2010 season, according to the Puerto Rico Coffee Buyers & Growers Association.

Geographic reference: Puerto Rico
Year: 2006 and 2010
Market size: 178,000 pounds and 80,000 pounds respectively. The harvest in 2010 had an estimated value of $23 million.
Source: “Sharp Drop in Coffee Production on Puerto Rico Worries Growers,” The Avis, February 19, 2011, St. Croix, Virgin Islands.
Original Source: Puerto Rico Coffee Buyers & Growers Association.