MILAN – Brazil’s coffee crop may fall below 40 million bags in 2015/16, according to Silas Brasileiro, president of Brazil’s Coffee Council (CNC). This would be the smallest crop since 2009.
“We can already disregard any possibility of a bumper crop for next year,” said Brasileiro on Thursday in a phone interview from Brasilia.
“We will harvest enough to meet our share of the global demand, but the inventories will be real low after two bad crops.”
This year’s crop (2014/15) is expected to be between 40.1 million 60-kilogram bags and 43.3 million 60-kilogram bags, according to a research commissioned to the coffee research institute Procafe by CNC.
In its second official estimate in May, Conab lowered their estimate of the 2014/15 Brazilian crop by around 4 million bags to 44.57 million due to the effects of the drought.
Safras & Mercado reported last week that Brazil’s new crop was 74% completed as of July 17th, 2014, compared to 56% at the same time last year.
