Brazil's 2018 coffee crop 51pc sold, says consultancy

SAO PAULO: Brazilian coffee farmers have sold 51 percent of the 2018 crop by Oct. 9 compared to 53 percent at this time last season and 52 percent seen in a 5-year average, Safras & Mercado consultancy said on Thursday.

Safras said producers have slowed down sales in September after higher volumes earlier in the crop, taking a more selective stance now and waiting for peaks in prices to clinch new deals.

The consultancy said sales of arabica coffee are at 48 percent of the crop, while deals for the robusta type reached 62 pct of production so far.