Source: Agricultural News
The report by the United States Department of Agriculture (USDA) indicates that world coffee production in the 2020/2021 harvest may reach a total of 175.5 million bags, indicating an increase of 4.15% in comparison with the harvest 2019/2020, estimated at 168.5 million bags.
According to the USDA, the Brazilian harvest of Arabica coffee in the season is the main reason for the increase in the estimate. "The USDA indicates that world stocks of coffee should grow at the highest level in six years, with a surplus in the global supply," said consultancy Safras & Mercado.
The USDA states that Brazilian production of Arabica coffee in 2020/2021 should reach 47.8 million bags, 5.8 million more than in 2019/2020 due to the biennial cycle of the crop. Vietnam, on the other hand, is expected to harvest 29 million bags, down 2.3 million bags compared to 2019/2020, which was a productive record.
The production of the Arabica variety in Colombia is stable in 2020/2021, reaching 14.1 million bags. Indonesia is also expected to stabilize in 2020/2021, with 10.7 million bags.
World coffee exports in 2020/2021 are indicated by the USDA in 117.5 million bags, registering an increase in comparison with the 117.2 million bags presented in 2019/2020
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