Coffee harvest in Brazil tends to grow 25.8%
The data is encouraging for the economy in 2020, the trend is for the coffee harvest in Brazil to grow around 25%, according to data from Conab.
Advertisements
Production is estimated at R$57.15 million and 62.02 million 60kg bags.
Continue reading this article and learn more about the coffee harvest in Brazil.
Coffee harvest in Brazil 2020
Conab relies on state partnerships to monitor the coffee harvest, thus forecasting the national harvest.
Together with the collaboration of reliable and traditional companies, it has the greatest credibility in the information disclosed.
Data reveals that, in 2020, the total coffee harvest should total, as mentioned above, R$57.15 million, which represents 25.8% compared to the previous year.
In fact, this survey assumes that there will still be a 4% increase in planted area, thus reaching 1.9 million hectares.
In the words of Silvio Farnese, director of the Marketing and Supply department of the Ministry of Agriculture and Livestock, more accurate information will only be presented in May, due to the fact that the coffee plants are in the bean formation phase.
The year 2018 was the biggest in terms of coffee production, with R$ 61.7 million bags.
Another relevant point is that Minas Gerais has a tendency to have a harvest of R$ 32 million, which corresponds to 50% of all production in Brazil.
Arabica coffee harvest
Indeed, Conab says the plantations will yield R$$43.2 million and R$$45 million bags. This increase, in effect, corresponds to R$34% compared to 2019.
It's worth noting that two years ago, Brazil produced 47.5 million bags of Arabica coffee (R$). It's the most widely consumed type of coffee in Brazil, accounting for approximately 75% of national production.
Conilon Production
The conilon harvest is expected to reach R$16 million bags this year. This represents an increase of 6.8% compared to 2019.
Cleverson Santana, Superintendent of Agribusiness Information Conab, says that conilon has been recovering both in terms of planting area and productivity.
What will coffee exports look like in 2020?
Brazilian coffee is the main product exported abroad, especially to Europe.
Occupying 5th place, coffee exports also have positive market forecasts.
In 2019, 40.6 million 60-kg bags were exported to 128 countries, representing approximately US$5.1 billion in revenue for the economy.
Nelson Carvalhes, President of the Brazilian Coffee Exporters Council, says that the forecast for this year is that the data cited in the paragraph above will be repeated: "We have 38% to 40% of global trade, and expectations remain very good, everything indicates that the next harvest will be excellent."
Subscribe your email to Value News and don't miss any news about the 2020 coffee harvest.
