Brazil’s 23/24 coffee harvest continues at good pace

441

     Porto Alegre, July 21th, 2023 – The coffee harvest and drying in Brazil performed well again last week, taking advantage of the low moisture in most producing regions. SAFRAS’ weekly monitoring indicates that up to July 18, the country reaped 66% of the 23/24 crop, which corresponds to an increase of 7% over the week earlier. Work is slightly above the same period last year, when it reached 57%, but well below the five-year average, which corresponds to 71% of reaped production.

The arabica harvest comprises 58% of the expected production, slightly above the same time last year, when it reached 57%, but below the 63% five-year average. The profile of the arabica crop remains positive in terms of yield, graining, and cup quality.

   The conillon harvest is heading toward its final stage, with 83% complete, just above the 83% reaped at the same time last year and below the five-year average of 89%. The strategy of growers, especially in Espírito Santo, of delaying the sale of coffee, ends up keeping the market supply below potential. Growers consider a scenario of strong production losses, while the domestic industry believes in improved yield in the final part of the harvest, softening the expectation of an initial decline in production.

   There are forecasts for some rain in the north of Paraná and south of São Paulo in the coming few weeks, but with low accumulated volume, especially in the period from July 20 to 26. It must also rain in the east of the Southeast region, particularly in Matas de Minas, Espírito Santo, and Bahia. Some regions can accumulate moisture between 50 and 100 mm until the end of the week. In other regions, dry weather must predominate, which favors the coffee harvest and drying. The cold weather of the last few days loses strength, and temperatures must gradually rise in the next 7 to 10 days. The highs can reach 30C, with temperatures dropping at night and dawn.

Follow the Safras Agency on our website. Also follow us on our Instagram and Twitter and stay on top of the main agribusiness news!

Copyright 2023 – Grupo CMA