may I offer a 2-year perspective:
Periods 18/19 + 19/20 62M+55M = 117M bags
Periods 20/21 + 21/22 67,5M+51,625 = 119+M bags
I see increased amount of coffee compared to previous on- and off- pair of years.
I do understand reason for a pessimistic view of supply from Brasil.
What is so different between these two 2-year crop periods?
I mean carryover stock smooths out the yoy differences, right?
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