Mississauga, ON -- (SBWIRE) -- 12/21/2015 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "SPoT Coffee Signs Franchise Agreement, Shares Hover Near 52 Week High."
Companies mentioned in this article include SPoT Coffee Ltd. (TSX-Venture:SPP).
According to the United States Department of Agriculture (USDA), world coffee production for 2015/2016 is expected to increase to 150.1 million bags, driven by record output in Indonesia and Honduras. The increase is also being driven by a recovery in Vietnam. The USDA notes that the record output in Indonesia and Honduras and a recovery in Vietnam more than offsets a shortfall in Brazil.
The USDA says in its report that Robusta harvest in Brazil is forecast to decline 3.7 million bags to 13.3 million. Arabica output in the country is forecast to fall 1.2 million bags to 36.1 million. In Vietnam, production is expected to increase 1.9 million bags to 29.3 million on higher yields in most growing regions. Colombia's production is also forecast to rise marginally. In Indonesia, production is forecast to gain 1.8 million bags to a record 10.6 million.
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