By Marvin G. Perez
That would compare with ests. for 47m-49m produced in current 2021-22 season, with crops still suffering from drought and frost impacts, Vanusia Nogueira, president of Brazilian Specialty Coffee Association, says during industry webinar.
Country still has “a lot of problems and challenges” with shipping logistics and high fertilizer costs
In the last high-producing cycle in 2020-2021, Brazilian growers collected 64m bags: Nogueira
Frost forced many producers in key areas to cut trees and those areas won’t be producing next year
Says defaults impacted 1-2% of contracts
NOTE: Arabica coffee futures nearly doubled in the past year in New York following inclement weather in South America
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