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Brazil Forecasts Smaller Coffee Crop In 2019, Possibly Supporting Prices

From nasdaq.com

Brazil’s 2019 coffee crop is seen at between 50.48 million bags and 54.48 million bags, compared to 61.65 million bags produced in 2018, as the off-year in arabica’s production cycle cuts overall output, the government agency Conab said on Thursday.

Silvio Farnese, a supply director at Brazil’sAgriculture Ministry, said the smaller crop could support prices, particularly for arabica futures in New York, since the cut in production for that variety is sizeable.

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