Brazil’s Coffee Stocks at Lowest Level Since 2012

From www.nasdaq.com

Coffee stocks in Brazil, the world’s top producer and exporter, were at 9.82 million 60-kg bags at the end of the 2017/18 crop, 0.4 percent less than at the same time a year ago and the lowest level since 2012, according to a report on Thursday.

A study produced by Brazil’s agricultural statistics agency Conab said stocks of arabica coffee at the end of the 2017/18 crop were at 8.96 million bags, while stocks of robusta coffee were at 867,557 bags, considering positions at the end of March.

The country is expected to harvest a record crop in 2018/19, forecast by the government at 58 million bags.

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