According to today’s projection report estimated by Brazil’s government agricultural statistics agency CONAB – Brazil’s, World’s largest Coffee producer and exporter, coffee output to reduce this year.
Total coffee production in 2017 is expected to be 44.77 million 60-kg bags, compared to 45.6 million bags projected in May.Last year, total output was 51.37 million bags.
Conab reduced its estimate for production of mild-tasting arabica coffee to 34.06 million bags from 35.4 million bags in its May estimate.The country produced 43.38 million bags of arabica in 2016.
The projection for output of robusta, widely used for instant coffee, stood at 10.7 million bags versus 10.1 million bags in May, showing a sharp recovery from last year’s drought-hit crop of only 7.98 million bags.
Conab analysts did not provide any immediate reasons for the revised projections.