Brazil: Coffee Semi-annual

Commodities

ATO/São Paulo revised production upward 5 percent from the record Brazilian coffee crop for Marketing Year (MY) 2018/19 (July-June) to 63.4 million 60-kg bags, due to better agricultural and dehusking yields than previously projected. Post’s coffee export estimate for MY 2018/19 remains unchanged at 35.33 million bags, reaching near record levels despite ongoing limited container availability for shipments at the port. Coffee growers requested the Brazilian government supply additional funds to support holding additional coffee stocks, in an attempt to avoid selling at current depressed prices, the result of higher volumes on the market.

Brazil: Coffee Semi-annual