Coffee Inventories Rise in Brazil

Private coffee producers accounted for 15.2 million sacks on March 31st, the highest number in the last seven years.

Monday, July 28, 2014

The increase in inventories is the result of the grain harvest collected by farmers after the severe drought that hit the country in recent months, raising concerns about the supply of coffee from the world's largest producer.

"...Private producers in Brazil had 15.2 million bags of coffee in inventories as of March 31, up 9.2% from the 13.9 million bags in the same period last year, the government agency Conab said in a report published online this week. "

"...The report by Conab said the larger inventories would have a "vital role" in the balance of supply and demand in the global market. Concerns about drought brought Arabica coffee prices to their highest point in two years in April. "

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