Arabica coffee prices are expected to end this year almost 8% above current levels, as the market prices a deficit forecast for next season after a surplus in the current cycle, a Reuters survey of 11 traders and analysts showed.

Arabica coffee prices are expected to end 2021 at $ 1.35 per pound, up 7.7% from Monday's closing (February 1) and 5.3% above the levels seen at the end of 2020 , according to the median forecast of the research participants.

Brazil, the largest producer, will enter a negative year in its biennial production cycle in the 2021/22 harvest. As a result, respondents expect a crop of 55.51 million bags of 60 kg, compared to 69 million bags in the current season.

The lower Brazilian production will leave the arabica market with a deficit of 8.5 million bags next season, although the market is expected to have a surplus of 8 million bags this season.

https://www.noticiasagricolas.com.br/noticias/cafe/279235-reuters-precos-do-cafe-arabica-devem-subir-ate-final-de-2021-devido-a-deficit.html#.YBoIU-g2pPY