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Brazil Coffee Producers Wait for Better Prices, CNC Says

A drop in coffee prices on good flowering in Brazil for the 2013 crop is prompting producers in the country, the world’s largest grower, to store production and wait for a price rally, a producer’s association said today.

The Brazilian Coffee Council is also concerned with low government inventories of the product and is proposing an auction for as many of 6 million bags of Arabica coffee, the association known as CNC said today in an e-mail report.

To contact the reporter on this story: Mario Sergio Lima in Brasilia Newsroom at mlima11@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net

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