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Re: Production Consensus and Reliability Report

Hi to all,
somebody said a few years ago " if the CONAB numbers were right, we would rob our parents to steel their coffee".
But if the USDA numbers were right,
Production 2013/14 - 2017/18: 787,284 mio. bags
Consumption 2013/14 - 2017/18: 756,036 mio. bags
Stocks Change 2013/14- 2017/18: -11,896 mio. bags (41,146 to 29,268 mio. bags)
Where did 43,144 mio. bags disappear ?
(overproduction 31,248 mio. bags but stocks down 11,896 mio. bags)

Regards
nicky

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Production Consensus and Reliability Report *PIC*
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