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Ibge sees 2020/21 crop in Brazil at 56.4 mln, Conab to release its estimate on Thursday

Ibge

MILAN – In its first preliminary projection for crop year 2020/21, the Brazilian Institute of Geography and Statistics (Ibge) pegged coffee production for the new season at 56.4 million, up 12.9% on year, but far below a record 59.9 million bags estimated for 2018.

Arabica crop will be in an on-year and is seen at 42.2 million bags, up 22% on year, versus 44.9 million in 2018/19.

Robusta production is expected to decrease by 7.7% to 14.2 million bags, due to low prices leading to reduced crop care.

Most sources expect figures above 60 million bags. Many analysts say the 2020 crop will be a record one, particularly because of additional output from recently planted areas

Brazil’s National Supply Company Conab will issue its first official estimate for 2020/21 on January 16th.