Data source from USDA
1. Considering the next Brazilian crop 21/22 at 56.1 bags of bags, according to the average of the last Tango consensus, a reduction of -17.1% or 11.6 mill bags.
Disregarding the other countries, we would have a reduction of -6.62% = 163.9 mill bags in the world supply, in relation to the 2020/2021 harvest = 175.5 mill bags
2. Considering the consumption of + 2% in relation to the 2020/2021 harvest, we would have 168.7 mill bags increase.
3. Carry Over Stocks, for 21/22 was considered average of 12/20 = 38 mill bags
4. The surplus of coffee would be around 33.2 mill bags, same as 15/16 and 17/18
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