"The only thing I can tell you is that in 2021 to 2022, someone can go without drinking coffee in the world, because the loss of production in the largest coffee producer in the world, which is Brazil will be very large, there will be no world stocks to compensate the lost."
That is your view, I disagree with you. We might have a deficit in 21/22 because of a lower Brazil crop, but there will be stocks.
"SAO PAULO (Reuters) - Brazil's coffee crop in 2020 should be revised upward, with a greater supply of beans of the Arabica variety seen after the harvest, as exports are strong and Brazilian warehouses remain full, said the analyst Gil Barabach, from Safras & Mercado, this Friday.
"It is pending more for a positive correction of arabica, than a negative correction of conilon," he said in a live held on a social network, recalling that the harvest of conilon was below initial expectations.
"Tradings are already revising the numbers upwards, they are talking over 70 million bags, 72 million, numbers above what we are working on, due to the positive surprise of Arabica," he said, about the type of coffee that accounts for the largest portion of harvest in the main global producing and exporting country.
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