Coffee exports attained 7.78 million bags in November

Worldwide coffee exports achieved 7.78 million bags in November from 7.75 million a year before, reported ICO. However, global coffee exports declined by 3% in the period between October and November as compared to the same period in 2010. The global coffee output is estimated as 28.6 million bags between 2011 and 2012, according to ICO forecast. Currently, the coffee futures for delivery in March traded at USD2,1870 a pound, on the Inter-Continental Exchange.