Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
According to the USDA, Brazil harvested 56.10 million bags in 2016/17, and this year 2017/18 will harvest 51.20 million bags, the Brazilian industry should have enough raw material to maintain its exports.
But there is something wrong, as the USDA data is very overrated, so this decrease in export of green and reduced exports of green coffee that shows low performance, demonstrates the reality of Brazil.
This error of overestimation of production in Brazil will be latent in the first and second quarter of 2018.