If we take historic exports and "consensus" domestic consumption numbers, then the CONAB supply data over the last decade are farcical. Their annual deltas make a little bit more sense.
So their numbers need to be seen in that perspective.
If you compare productive/unproductive areas the CONAB yields explain part of that.
For Conilon/Robusta they are 3mn bags below the next lowest "credible" estimate - despite even CONAB projecting a record Robusta production.
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