Rains boost Brazil’s robusta coffee prospects – but arabica hopes muted
Prospects for Brazil’s robusta coffee output have, thanks to much-needed rains, seen a dramatic improvement – unlike those for arabica production, which are being depressed by the hangover from last year’s bumper harvest.
Conab, the Brazilian crop bureau, in its second estimate for domestic coffee output this year pegged it at 45.56m bags – little changed from an initial estimate in January which, at the middle of the forecast range, came in at 45.58m bags.
However, the apparently flat figure disguised a marked upgrade in expectations for the country’s conilon, or robusta, harvest, now seen coming in at 10.14m bags – a jump of 27% year on year, and ahead of the range of 8.64m-9.63m bags previously guided to.
More: http://www.agrimoney.com/news/rains-boost-brazils-robusta