Terra Forte, one of the largest coffee exporting companies in Brazil, sees the country’s 2015/16 coffee harvest, presently underway, at 47.28 million bags. This confirms a previous estimate that the São João da Boa Vista-based company issued in February.
The figure falls in the middle of the range of market estimates for this year’s coffee crop in Brazil.
Terra Forte put Brazil’s 2014/15 production at at 46.78 million bags.
The local coffee belt has been struggling with the effects of a severe drought that began in early 2014, said the company in a report released last week.
Rains have since begun to normalize but coffee trees are still recovering.
