Brazil: Marex sees global coffee deficit at 10.7 million bags on 21/22
Raw Common Coffee Bean
Published Mar 6, 2021
“The appearance of the trees differs from region to region, but the cherry load is low everywhere.” Marex predicted that Brazil's Arabica coffee crop would drop in 2021/22 to 32.8 million bags, versus 50 million from the previous season. The decline partially reflects a year of decline in the country's biennial Arabica crop cycle. The previous low crop was 38.3 million bags in 2019/20. The global balance indicates a deficit of 12.1 million bags of arabica coffee, partially offset by a surplus of 1.4 million bags of robusta. The Brazilian robusta crop is ...