IN SHORT: coffee consumption to rise steadily

Global coffee consumption is expected to rise steadily next year despite the economic slowdown to match the 2.5 percent annual average growth seen in the past decade, a senior industry executive said on Thursday. "Consumption is going to be very well despite the economic turbulence," Roberto Olivier Silva, executive director of the London-based International Coffee Organisation (ICO) told Reuters in an interview.
The London-based ICO does not have any specific estimates, Silva said on the sidelines of an international coffee conference in Ho Chi Minh City. Doubts that Europe could forge a deal to end its prolonged debt crisis forced down the commodities complex, with the January robusta contract falling $57 to close at $1,953 a tonne on Wednesday.