UPDATE 1-Brazil likely to produce another large coffee crop in 2019 -company

UPDATE 1-Brazil likely to produce another large coffee crop in 2019 -company

Chamber Articles Category: Agribusiness Post Date: 12/06/18 Source: Reuters By: Roberto Samora
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SAO PAULO, Dec 6 (Reuters) - Brazil is likely to produce another large coffee crop next year after the record output of 60 million 60-kg bags in 2018, despite the ‘off’ year for arabica trees, according to estimates from Brazil’s largest coffee processing company.

3corações coffee group, a 50-50 joint venture between Israel’s Strauss Group Ltd and Brazil’s São Miguel Holding, projects Brazil’s 2019 coffee harvest at 55 million bags, only slightly below the record output seen this year, as ample rains boost production prospects. Read Full Article