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2017 what is the expected output of Brazilian Arabica coffee? will the price go up or down?

Published: 2024-09-17 Author: World Gafei
Last Updated: 2024/09/17, 2017 what is the expected output of Brazilian Arabica Coffee? will prices rise or decline? ICO said that as the first month of the coffee year, global coffee exports decreased by 1.9% to 9.1 million packets per year. Among them, Arabica coffee exports increased by 4.7% annually, while Robusta coffee exports decreased by 12.9%, mainly due to the decline in Brazilian production.

2017 what is the expected output of Brazilian Arabica coffee? will the price go up or down?

ICO said that in October 2016, as the first month of the coffee year, global coffee exports fell by 1.9% to 9.1 million packets, of which Arabica coffee exports increased by 4.7% a year, while Robusta coffee exports fell by 12.9% a year, mainly due to the impact of supply reductions caused by declining Brazilian production, although Vietnam's exports are still growing.

ICO pointed out that the coffee market has been in short supply for two years in a row, but supply is expected to recover in 2106 to 17, especially for Arabica coffee, where robusta production is likely to continue to decline.

The price of coffee has fallen by 20% from the peak set in early November, falling into what is technically called a short market.

However, coffee prices are still up 12 per cent so far this year. The increase in coffee production in Colombia is also a major reason for the pressure on coffee prices.

Brazil's National supply Company said in its latest forecast that the main reason for the decline in coffee production in Brazil this year is that it is in the middle of the biennial coffee production cycle. 2012 was the big year of the coffee production cycle, with production reaching a record 50.83 million bags. Although 2013 is a small year and is affected by high temperature and uneven rainfall, it is quite a good achievement to be able to achieve such a high yield.

This year, the coffee planting area in Brazil is 2.31 million hectares, 0.76% less than last year. Among them, Minas Gerais, located in the southeast, is the largest producing area, with a planting area of 1.23 million hectares, accounting for 53% of the total area, mainly producing Arabica varieties

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