Brazilian food supply and statistics agency Companhia Nacional de Abastecimento (Conab) has reported that record coffee production undefined
in 2018 has led to record high private coffee stocks in 2019.
Conab says private stocks in Brazil reached 12.8 million 60-kilogram bags on 31 March, an increase of 31.2 per cent over 2018.
Arabica accounts for 92 per cent of the total, with approximately 11.8 million bags of the product. Robusta represents eight per cent of the stored volume, reaching around one million bags.
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Conab says the three largest producing regions of the country, all in the south-east, covers 94.77 per cent of the coffee stocks.
Minas Gerais reports a record storage of 9.2 million bags of Arabica and 13,700 bags of Robusta, an increase of 24.2 per cent over 2018.
Espírito Santo’s stocks rose from 542,200 bags of Robusta to 769,900, an increase of 42 per cent.
In São Paulo, stocks increased 44.1 per cent to with the 1.9 million bags, inclusing Arabica and Robusta.
The full report, obtained through the Sistema de Pesquisa de Estoques Privados, can be viewed here.
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