StoneX sees 4.2% increase in Brazil's coffee harvest despite decline in Cerrado

Raw Common Coffee Bean
Sustainability & Environmental Impact
Market & Price Trends
Published Feb 22, 2024

Tridge summary

Brazil's coffee harvest for the 2024/25 season is projected to reach 67 million bags, marking a 4.2% increase from the previous year, as per StoneX. This growth is expected despite the adverse climate effects of El Niño, including heat waves and below-average rainfall. Both Arabica and canephora coffee production are expected to rise, with the South of Minas, the main coffee producing region, predicted to see a nearly 5% increase in Arabica beans harvest. However, the Cerrado Mineiro region is anticipated to experience a 27% drop in production.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

SÃO PAULO (Reuters) - Brazil's coffee harvest in the 2024/25 season, with harvest starting in the coming months, was estimated this Wednesday at 67 million bags of 60 kg, an increase of 4.2% compared to the previous year. previous cycle, according to StoneX figures collected after a tour of the country's main producing regions. Despite the increase in production, the harvest will be below potential due to the influence of the climate effects of El Niño, said analysts Fernando Maximiliano and Glenio Caetano, in a report released this Wednesday. "In Brazil, El Niño caused a sequence of heat waves that exceeded 40ºC in a large part of the coffee belt. Furthermore, due to the phenomenon, a large part of the coffee belt had below-average rainfall volumes in the months of September, October , November and December 2023, a critical development period for production in 2024", highlighted the report. Still, the largest coffee producer and exporter is expected to see an increase in ...
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