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Private coffee stocks in Brazil are down 27% on year, says Conab’s survey

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SAO PAULO, Brazil – Brazil’s private coffee stocks as of March 31st 2017 totalled 9.86 million bags, according to a survey led by the country’s food supply agency Conab.

This is 27.4% less than in last year’s survey, when the Agency estimated a volume of 13.59 million bags, as well as the third consecutive annual reduction.

This year’s survey resulted in the lowest figure being reported since 2012, when year-end stocks stood at 8,41 million bags.

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