Brazil: Coffee Annual
ATO/Sao Paulo projects Brazilian coffee production for Marketing Year (MY) 2016/17 (July-June) at 55.95 million 60-kg bags, up 13 percent relative to MY 2015/16, due to expected high arabica yields in major growing regions. Coffee exports for MY 2016/17 are forecast at 35.23 million bags, slightly down compared to the previous year due to likely lower carry-over stocks, which are forecast at 2.25 million bags by the end of the 2015/16 season and 2.53 million bags for MY 2016/17.