Wednesday 19 June 2024
  • La Cimbali

Safras & Mercado sees Brazil’s coffee production in 2023/24 at 66.65 million bags, up 13% y/o/y

Arabica production is expected to rise by a whopping 21% to 43.50 mln bags. Despite the expressive progress, the crop would be still well below the 2020 record, when the country produced 50.90 mln bags of the milder variety. On the other hand, conillon production is expected to rise marginally (+1%) to 23.15 mln bags. Safras &Mercado also revised its estimate for the 2022/23 season to 58.90 mln bags, from a previous figure of 57.30 million bags. Production is split between 35.95 mln bags of Arabica and 22.95 mln bags of Conillon

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MILAN – Coffee production in Brazil will rebound by 13% in the 2023/24 season to reach a total of 66.65 million bags, Brazil’s authoritative consultancy company Safras & Mercado said in a report issued on Monday. This is within the range, but closer the upper side of a previous forecast of 65.00 to 67.10 million bags.

Arabica production is expected to rise by a whopping 21% to 43.50 mln bags. Despite the expressive progress, the crop would be still well below the 2020 record, when the country produced 50.90 mln bags of the milder variety.

The favourable climate during this year’s production cycle, with regular and intense rain, helped to restore the water supply and ensure a significant improvement in the productive potential of Arabica plantations after 2 years hindered by drought and frost, says the consultancy.

Virtually, all Arabica-producing regions must increase production, except for Matas de Minas and Espírito Santo, where a slight negative adjustment is expected due to the inverted biennial cycle.

The most expressive highs are expected for the Cerrado region, severely punished by cold and lack of rain in 2022, and the south of Minas Gerais.

On the other hand, conillon production is expected to consolidate (+1%) to 23.15 mln bags. This reflects investments in rejuvenating and renovating coffee plantations, especially in Espírito Santo, Brazil’s largest producer.

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