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Re: USDA - Tony Halstead *PIC*

About the Brazilian crop of 2016/17

Below is the data compiled by CONAB, the Brazilian agency responsible for the Brazilian crop forecast.

Some will say that CONAB's data in the past has always been wrong and that it is also wrong today.

However, we have a stock survey carried out by CONAB and, according to the difference in inventories, adding the disappearance of coffee in the export and in the Brazilian domestic market, increasing imports, we arrive at REAL harvest harvested.

So the REAL harvested harvest is below the forecasts of CONAB, so we have, CONAB harvest expectation = 51.369,20 million bags, REAL SAFRA harvested = 49,724,561 bags

http://www.conab.gov.br/OlalaCMS/uploads/arquivos/17_09_21_17_00_05_cafe_setembro_2017.pdf

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USDA - Tony Halstead
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