Re: Brazil's coffee crop on 22/23 would total 62 million bags, points to Itaú BBA's base scenario
MILAN – Brazil ‘s National Supply Company Conab cut Tuesday its official estimate for the 2021/22 coffee crop by almost 2 million bags to 4-year low of 46.9 million bags, or a 25.7 million decrease from last year’s bumper crop of 63.1 million bags. Arabica production is seen down to a 12-low of 30.7 million bags, due to an off-year in the biannual production cycle of Arabicas.
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