Robusta Coffee Crop in Brazil State May Be Larger, Cepea Says
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18 de abril de 2024The robusta coffee crop in Espirito Santo, Brazil’s main robusta-producing state, may be as much as 2 million bags larger than the government’s estimate of 8.1 million bags, according to Cepea, a University of Sao Paulo research group.
Cepea analyst Margarete Boteon cited the company’s survey of local agents for the estimate, and didn’t give a reason for the difference. Robusta coffee prices in Brazil have climbed as demand in the domestic and international markets is higher than supply, Boteon said. Demand for robusta beans has increased partly because of higher prices for arabica beans, she said.
Arabica coffee futures have risen 93 percent in New York over the past year, while robusta beans have climbed 92 percent in London. Brazil is the second-largest grower of robusta beans, after Vietnam. Arabica beans are grown mostly in Latin America and robustas are mostly in Asia and Africa, as well as Brazil.
