MILAN – Coffee prices will recover in 2016, according to the latest report from ABN Amro’s economic. Lower outputs and higher demand will invert the trend, after an extensive fall in 2015. The Dutch Bank expects coffee demand worldwide to grow 2.4 percent this year. Demand in emerging countries may rise a whopping 5.4 percent.
Global output will decrease in a number of major producing areas on the back of El Nino weather phenomenon. That combination will result in higher coffee prices in 2016.
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