AIRLINK 60.20 Decreased By ▼ -1.40 (-2.27%)
BOP 6.25 Decreased By ▼ -0.01 (-0.16%)
CNERGY 4.06 Decreased By ▼ -0.07 (-1.69%)
DFML 15.75 Decreased By ▼ -0.45 (-2.78%)
DGKC 68.25 Increased By ▲ 0.60 (0.89%)
FCCL 17.62 Decreased By ▼ -0.29 (-1.62%)
FFBL 25.50 Decreased By ▼ -0.10 (-0.39%)
FFL 9.09 Decreased By ▼ -0.17 (-1.84%)
GGL 9.85 Decreased By ▼ -0.20 (-1.99%)
HBL 115.00 Increased By ▲ 0.20 (0.17%)
HUBC 112.00 Decreased By ▼ -0.50 (-0.44%)
HUMNL 6.55 Decreased By ▼ -0.10 (-1.5%)
KEL 4.53 Increased By ▲ 0.07 (1.57%)
KOSM 4.52 Decreased By ▼ -0.03 (-0.66%)
MLCF 37.90 Decreased By ▼ -0.11 (-0.29%)
OGDC 120.55 Decreased By ▼ -5.06 (-4.03%)
PAEL 21.75 Decreased By ▼ -0.77 (-3.42%)
PIAA 10.90 Decreased By ▼ -0.18 (-1.62%)
PIBTL 6.02 Decreased By ▼ -0.45 (-6.96%)
PPL 106.80 Decreased By ▼ -1.60 (-1.48%)
PRL 27.35 Decreased By ▼ -0.70 (-2.5%)
PTC 10.55 Decreased By ▼ -0.25 (-2.31%)
SEARL 52.00 Decreased By ▼ -0.80 (-1.52%)
SNGP 66.90 Increased By ▲ 0.10 (0.15%)
SSGC 11.53 Increased By ▲ 0.12 (1.05%)
TELE 7.05 Decreased By ▼ -0.15 (-2.08%)
TPLP 11.56 Decreased By ▼ -0.38 (-3.18%)
TRG 80.75 Increased By ▲ 2.95 (3.79%)
UNITY 21.15 Decreased By ▼ -0.54 (-2.49%)
WTL 1.27 Decreased By ▼ -0.05 (-3.79%)
BR100 6,471 Decreased By -28 (-0.43%)
BR30 22,064 Decreased By -202.2 (-0.91%)
KSE100 63,219 Decreased By -86.8 (-0.14%)
KSE30 21,306 Increased By 9.6 (0.05%)
Markets

Brazil coffee crop seen falling 23% in 2021

  • Ricardo Tavares, the holding's president, expects international coffee prices to rise in 2021 due to the smaller Brazilian supply.
Published January 13, 2021

NEW YORK: Brazil, the world's largest coffee grower and exporter, is expected to produce 52.9 million 60-kg bags in 2021, 23% less than the record crop of 68.21 million bags seen for 2020, exporter Grupo Montesanto Tavares said on Tuesday.

According to the company's estimates, Brazilian production of arabica coffee will fall 37% to 31.23 million bags, while robusta coffee output is seen rising 17% to 21.67 million bags.

Brazil is entering its off-year in the biennial production cycle for arabica coffee that alternates years of higher and lower production.

Growers and researchers, however, see production falling more than expected in 2021 due to a long dry spell in 2020 that they said hurt the key flowering period, leading to a smaller production potential.

Grupo Montesanto Tavares is a holding company controlling farms, exporting companies and coffee trading firms in Brazil, the United States and Europe. It is one of the largest exporters of Brazilian coffee, having shipped around 2.4 million bags in 2020.

Ricardo Tavares, the holding's president, expects international coffee prices to rise in 2021 due to the smaller Brazilian supply.

Arabica coffee prices in New York have been stable, ending 2020 at almost the same level it started that year.

Comments

Comments are closed.