Brazil Coffee Output to Drop to 43.5 Million Bags This Year
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Coffee production in Brazil, the world’s biggest grower and exporter, will drop to 43.5 million bags this year, down from 48.1 million bags last year, the Agriculture Ministry’s crop-forecasting agency, known as Conab, said today in an e-mailed report.
Conab said on Jan. 6 coffee growers would harvest between 41.9 million bags and 44.7 million bags this year.