Brazil’s Coffee-Output Estimate Lowered by USDA Unit
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Brazil, the world’s biggest coffee grower, will produce 1.4 percent less than forecast six months ago after hot, dry weather in the state of Espirito Santo cut robusta-bean output, a U.S. Department of Agriculture unit said.
Production in the year that started July 1 will be 54.5 million bags, down from 55.3 million projected in May, the USDA’S Foreign Agriculture Service said in a report posted today on its website. The estimate on robusta was cut by 800,000 bags, and arabica projection was unchanged at 41.8 million.