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At present, Brazilian coffee sales account for 60% of the total annual production, which is lower than the same period last year

 Last Update: 2022-10-25
 Source: Internet
 Author: User

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Brazilian independent consultancy Safras & Mercado recently said that as of the 18th, coffee sales in 2022/23 accounted for about 60% of the total expected production for the year, an increase of 8 percentage points compared to the previous month, but still lower than the same period last year
.

Brazilian website "Forbes" reported that the agency noted that while the percentage of sales as a percentage of total production is lower than recorded in the same period last year (68%), it is slightly higher than the average for the period in recent years (58%)
.

In this new survey, the consultancy revised its 2022/23 coffee production forecast to 57.
3 million bags (60 kg packs).

In the last edition of the survey, released in September, the forecast was 58.
2 million bags
.
At the time, the agency said that due to the impact of climate problems, the forecast data was lower than initially expected
.

Consultant Gil Barabach believes that coffee sales have not actually changed
.
The 8 percentage point increase in the proportion of sales compared to the previous month was mainly due to the downward revision of expected production, not to a significant increase
in sales volume.

"Due to the setback in coffee farming in 2022, the decline in production is an important factor
limiting sales," he noted.
In fact, coffee producers continue to be "on the defensive" for now, and buyers are not showing much "offensive"
.

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