(Agence Ecofin) - In Brazil, the coffee sector is jubilant. Driven by the performance of the arabica variety, the coffee bean harvest will reach an exceptional level of 63 million bags in 2020/2021.
In 2020/2021, Brazil's coffee production is expected at a record high. The country anticipates a volume of approximately 63 million bags (of 60 kilograms), or 28% more than last year. It also marks a 2.3% improvement from the previous record set in 2018.
According to the National Supply Company (Conab), this feat is explained by the positive biennial cycle of the main variety grown, namely Arabica. Representing more than 75% of the country's total harvest, the said variety is expected to register a stock of 48.8 million bags, which marks a rise of 42% compared to 2019. Meanwhile, the volume of robusta will see a drop. by 4.7% to 14.3 million bags.
Overall, this good health of the production system has encouraged operators to ship the bean massively, especially since with the weakness of the real, the beans are even more competitive. The country thus sold 19.8 million bags of coffee between July and November, i.e. 15% more than in the same period of the previous year.
As a reminder, Brazil is the world's largest producer and exporter of coffee as well as the third largest consumer of the beverage.
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