Brazil: Coffee Annual
ATO/Sao Paulo forecasts the Brazilian coffee production for Marketing Year (MY) 2015/16 (July-June) at 52.40 million 60-kg bags, up 2 percent relative to MY 2014/15. The forecast for lower production for robusta coffee is expected to be offset by higher arabica tree yields in the upcoming season. Coffee exports for MY 2015/16 are forecast at 33.3 million bags, down 7 percent compared to the previous MY, due to likely lower exportable supplies. Carry-over stocks are forecast at 4.29 million bags, as a result of the expected tight supply.