Commercialization of Brazil's 2023/24 coffee harvest reaches 84%

According to a survey carried out by Safras Consultoria, sales of the 2023/24 (July/June) coffee harvest in Brazil reached 84% of potential until March 12th, representing an increase of 5 percentage points compared to the previous month. . Despite the advance, sales remain in line with the same period of the previous year, but slightly below the historical average of 85% for this period. Considering a harvest estimate of 65.53 million bags by Safras & Mercado, 55.03 million bags have already been sold. According to Gil Barabach, a consultant at Safras, a less volatile market is observed, with producers awaiting news on the fundamental side. The increase in sales interest is influenced by the expectation of lower price appreciation together with the proximity of the 2024 harvest. Arabica coffee sales in Brazil reached 80% of production, reflecting greater activity on the part of producers. However, these sales are still below the same period of the previous year and the average of ...