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Brazil Cuts 2019 Coffee Output Forecast To 49 Mln Bags

From: nasdaq.com

SAO PAULO, Sept 17 (Reuters) – The Brazilian government on Tuesday cut its forecast for this year’s coffee crop to 49 million 60 kg bags, down from 50.9 million bags projected in May, saying drier than normal weather will hit production in the world’s largest grower.

That total would mark a 20% drop from last year, when Brazil produced a record crop of 61.66 million bags.

Exacerbating the decline is an expected heavy fall in arabica output. Conab, the agency in charge of Brazil’s agricultural statistics, said production of arabica coffee was now seen reaching 34.47 million bags compared with almost 37 million bags estimated in May.

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