NEW YORK, Aug 11 (Reuters) – Espresso growers in Brazil are heading into the ultimate days of this season’s harvesting, having collected 89% of the 2021/22 crop by Aug. 10, consultancy Safras & Mercado stated in a report on Wednesday.
The harvesting tempo is barely slower than the five-year common of 90% for this time of the 12 months, Safras stated.
Espresso analyst Gil Barabach stated within the report that the harvest was progressing properly beneath dry climate, which is nice for post-harvest work.
Many Brazilian espresso farmers have been hit by sturdy frosts in June and July, however analysts don’t see the occasion hurting manufacturing within the present crop. It’s anticipated, nevertheless, to result in a major minimize in subsequent 12 months’s output.
The consultancy stated the harvest of robusta beans was extra superior and principally over.
For the arabica selection, harvest was at 83% of the realm. Safras initiatives a crop of 56.5 million 60-kg baggage in Brazil this 12 months. Based mostly on that estimate, it says that 50.45 million baggage of new-crop espresso have been collected to date.
(Reporting by Marcelo Teixeira; Modifying by Pravin Char and Richard Pullin)
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