Rising global demand for coffee, sugar, and cocoa are converging with supply constraints.

Coffee consumption is expected to reach a record 150.8 million bags, drawing inventories to a 4-year low, estimates the USDA.  An expected “stocks- to-use” ratio of 20.9% will be the second-lowest reading on record for more than 50 years, highlights Agrimoney.com.  Further, growing demand in emerging markets means global coffee production must rise by an incremental 40 to 50 million bags over the next decade— equivalent to more than the entire crop of Brazil.