CoffeeNetwork (New York) – ECOM has maintained their estimate for Brazil’s 2019-2020 coffee crop at 60.28 million bags, including 41.43 million bags of Arabica and 18.85 million bags of Robusta. This is the highest estimate yet, with the median forecast around 56 million bags. Most recently, INTL FCStone and CoffeeNetwork pegged production for the crop year at 53 million bags, while the USDA forecast production at 59.3 million bags.
The forecast has remained unchanged with the big crop confirmed, explained Gustavo Moretti, trader at ECOM tells CoffeeNetwork in an interview today. “The current harvest is in full speed with good momentum due to perfect weather conditions at present,” he said.
Looking ahead to next year, for the 2020-2021 crop, which is another “on-year” for the biennial cycle, Moretti says the trees are in “very good condition, reflecting the recent investments and dedication from farmers.”
“The potential is really impressive,” he said, but also noted that weather will always be a concern regarding the proper development of the crop. “Both cold events and drought. It is always important to monitor them.”
ECOM does not have an estimate for the 2020-2021 crop at this time.