USDA cuts Brazil's 2024/25 coffee crop by 3.5 mln bags
Nov 22 (Reuters) -Following are selected highlights from a report issued by the U.S. Department of Agriculture's Foreign Agricultural Service (FAS) post in Brasilia, which projected Brazil's 2024/25 coffee crop at 66.4 million bags from a previous official USDA forecast of 69.9 million bags:
"Brazil's 2024/25 total coffee production is forecast at 66.4 million bags, 0.2% higher than the previous season. This timid growth comes in the aftermath of a strong period of adverse weather conditions in the main producing regions, which led to a decrease in initial estimates for the season."
"As a result, the country has experienced a decline in robusta production, which was offset by a slight increase
in the expected production of arabica, which represents most of the total coffee harvest. Meanwhile, coffee exports in 2024 have hit record highs as Brazil expands its share of the global market, occupying a gap left by other large producers, such as Vietnam and Indonesia."
To read the full report, click: https://bit.ly/3OhM6rI
Reporting by Marcelo Teixeira
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