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Brazilian coffee crop could reach nearly 60 million bags

Economy

Growth in 2018/2019 harvest should allow Brazil to remain the world's largest coffee producer and exporter
published: Jul 11, 2018 10:37 AM last modified: Jul 11, 2018 05:53 PM

Coffee production in Brazil is expected to grow 29.1% in the 2018/2019 harvest (to 58.04 million bags) as a result of improved technologies in the field and good climate conditions, according to a forecast by the National Supply Company (Conab). If the prediction is confirmed, the country will remain the top global producer of the commodity.

According to information from the US Department of Agriculture (USDA), Brazilian production will be at a record high, with 60.2 million bags, or 35.16% of all the coffee to be produced in the world in the next season.

Brazil was also the main producer and exporter of coffee in the world in the last harvest, still according to the USDA. Between 2017 and 2018, Brazilian production was ahead of all major players in the sector (including Vietnam, Colombia, Indonesia and Honduras), with 30.2 million bags of coffee sold abroad.

Exports

Coffee exports are a major source of wealth for the country. Last year, Brazil sold US$ 4.6 billion in coffee to the rest of the world, mainly to the United States, Germany and Italy. Regionally, the main producing states in the period were Minas Gerais, São Paulo and Espírito Santo, all in the Southeast region of the country.

According to the International Coffee Organization (ICO), the closest country to Brazil in terms of volume of exports was Vietnam, which sold 19.4 million coffee bags in the year.