Brazil’s 2019 Coffee Crop Seen Falling 17% To 50.9 Mln Bags

From: nasdaq.com

Brazil’s coffee crop is expected to reach 50.9 million 60-kg bags this year, a volume in the low end of a range between 50.5 million to 54.5 million bags seen in January and 17% off last year’s production, government agency Conab said on Thursday.

The world’s largest producer and exporter of the beans produced a record crop of 61.6 million bags in 2018. The sharp fall this year is mainly due to the off-year in the biennial production cycle that alternates years of high and low production, Conab said.

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