Coffee Market Report April 2015 - Record Exports from Brazil Weigh Heavy on the Coffee Market
8 May 2015
Coffee exports from Brazil reached a record high of 36.8 million bags in crop year 2014/15 (April to March), fuelled by domestic stocks and encouraged by a depreciation in the exchange rate. Production in crop year 2015/16 is currently estimated by Conab as roughly unchanged at between 44.1 and 46.6 million bags. However, with Brazilís domestic consumption at around 21 million bags, export availability is going to be significantly reduced over the next year. Overall, prices remained low in April 2015 despite a slight increase over March, as consumer stocks remain relatively well supplied. Furthermore, several recent reports about the upcoming Brazilian crop have suggested that the damage might not be as severe as previously expected.
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|ICO Indicator prices
(US cents/lb) 08/12/2017
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