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UPDATE 1-Brazil To Produce Record Coffee Crop Despite Weather -Rabobank

From: cnbc.com

SAO PAULO, Nov 28 (Reuters) – Brazilian farmers are expected to produce a record coffee crop in 2020, surpassing a previous all-time high reached in 2018, as output is seen reaching 66.7 million 60-kg bags, Dutch bank Rabobank projected on Thursday.

Rabobank’s coffee analyst Guilherme Morya told reporters during an agricultural outlook seminar in Sao Paulo that unfavorable weather in some parts of Brazil’s coffee belt, such as dry spells in September and October, would be offset by production from new areas.
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