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Re: Thoughts on Ryan Delany's interview with Carlos Mera (Rabobank)
One very important point brought up in the interview was that the 20/21 crop was most likely 52 mln bags which gave us an opg stocks of at least 6.0 mln bags.Many Brazilian producers at the time agreed with this assessment. This is being borne out by the stubbornly high export figures. However we will enter this crop year with minimum Brazil and world stocks. With Brazil Arabica production between 33-38 all the fireworks of a short crop should lie ahead.