Saturday 22 January 2022

Brazil: Conab raises slightly its estimate for CY 2017/18 to 45 million bags

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MILAN – Brazil’s National Commodity Supply Corporation, or Conab, marginally revised its estimate for the country’s 2017/18 coffee crop following its fourth field survey, led between November 26th and December 9th in all producer states.

In its fourth estimate, released on Thursday , Conab pegs production at 44.97 million bags, about 200,000 bags more over the previous estimate released in September.

This is a 12.5 percent decrease from a record crop of 51.4 million bags collected in 2016/17.

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