Coffee Traders' Forum - A Discussion about Coffee Futures Trading


Coffee Traders Discussion Forum

Coffee Traders' Forum

Bloomberg: Comexim Rev Production ( Yesterday)

Brazil Coffee Crop May `Surprise' Above Expectations: Comexim
By Marvin G. Perez

(Bloomberg) --
Sentiment in the market suggests the robusta crop “can surprise even more on the upside, with some agents suggesting a figure as high as 18 million bags,” Rodrigo Costa, director at Comexim in the U.S., says in a note, citing conversations at the Santos Coffee Seminar held in Brazil last week
Combined with an expected 45m-bag arabica forecast, that would add up to production of 63m in 2018/2019

“Although these numbers are far from being consensual, I did notice an increase in the crop average among players that have been cautious on their forecasts, but we all have to wait for the bulk of the harvest to start and then assess more carefully”

NOTE: Forecasts for Brazil’s coffee production range from 53.2m to 60.7m bags, according to data compiled by Bloomberg

Messages In This Thread

Bloomberg: Comexim Rev Production ( Yesterday)
Bloomberg: Comexim Rev Production ( Yesterday)
Re: Bloomberg: Comexim Rev (Phil)
Re: Bloomberg: Comexim Rev (Phil)
Re: Bloomberg: Comexim Rev Production ( Yesterday)
Re: Bloomberg: Comexim Rev Production ( Yesterday)