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Brazil Exp December 2017 x 2016 *PIC*

Today the CECAFE is showing Brazilian exports in 2,470,161 bags, thus less 791,861 bags than the export of December 2016, which were 3,262,022 bags, then percentage lower by 24.28%.

I maintain my assertion that Brazilian exports for the 2017/18 crop will be the very smallest that any pessimist could believe.

Perhaps they do not reach the 25 million bags between green and industrialized coffee, the current inventories in Brazil are extremely low, and there are no governmental stocks.

Inventories of importing countries will fall sharply until the entry of the Brazilian crop from July 2018.

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Brazil Exp December 2017 x 2016 *PIC*
Re: Brazil Exp December 2017 x 2016 *NM* *PIC*