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NEW YORK: The US Department of Agriculture (USDA) said on Friday it estimates global 2017-18 coffee production at 159.9 million 60-kg bags, with consumption to hit a record 158.5 million bags.

The USDA also pegged output in top grower Brazil at 51.2 million bags, down from its prior estimate of 52.1 million bags, with the arabica harvest seen falling to 38.8 million bags and robusta rising to 12.4 million bags.

 

Copyright Reuters, 2017
 

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