PHL coffee import forecast downgraded 7.9% by USDA

THE US Department of Agriculture (USDA) downgraded its projection for Philippine coffee imports by 7.9% to 5.8 million 60-kilogram (kg) bags in the 2024-2025 marketing year (MY), which ends in June. The USDA’s December forecast for Philippine coffee imports compares with the June estimate of 6.3 million bags. It is also lower than the expected