Coffee-growing nations risk killing a nascent price recovery should they boost production to take advantage of a fall in Brazilian output, a top industry executive has warned.
Brazil expects production to fall by eight to 10 million bags from last year’s 41.5 million bags – at least 20 percent – when it harvests the next crop in April-May, said Nestor Osorio, executive director of the International Coffee Organisation.
“The market is going to be short of coffee because stocks are already at the lowest point in history,” Osorio told AFP in Bangalore, where he attended the three-day Indian Coffee Festival ending Sunday.
Read the story: Dominican Today
Posted by beanybabe at 11:50 PM PST
