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- (-) May 2021
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ATO/Sao Paulo forecasts the Brazilian coffee production for Marketing Year (MY) 2021/22 (July-June) at 56.3 million 60-kg bags, a significant decrease of 19 percent compared to last year’s revised record output of 69.9 million bags.
In marketing year (MY) 2021/22, the Colombian coffee production forecast is 14.1 million bags (1 bag = 60 kilograms) green bean equivalent (GBE), assuming excessive rains during the first quarter of the year will marginally impact the October/November harvest.
On April 20, 2021, the Brazilian Ministry of Agriculture announced the Sectoral Plan for Climate Change Adaptation and Low Carbon Emission in Agriculture, called ABC+.
Although the COVID-19 pandemic continues to affect Brazil and its economy, the market presents niche opportunities for high-end beef.