Thursday, November 14, 2019

IBGE reduces 2019 coffee crop forecast by 0.5%

The 2019 coffee crop in Brazil, already harvested, was estimated on Wednesday (13) of 50 million bags of 60 kg, a reduction of 0.5% compared to the projection of the previous month, according to a survey released by the Brazilian Institute of Geography and Statistics (IBGE). Compared to 2018, the year of the biannual cycle of Arabica coffee, production in 2019 was down 16.5%, according to IBGE. For Arabica, the estimated production was 34.8 million bags of 60 kg, a decline of 0.8% compared to the previous month. In Espírito Santo, estimates declined 8.7% due to the 8.5% drop in average income, the institute explained. The planted area and the area to be harvested declined 0.1%, IBGE added in a report. For conilon coffee, Brazil's production was estimated at 15.2 million bags of 60 kg, up 0.1% compared to the previous month.
G1 - 13/11/2019 News Item translated automatically
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