Renewable Energy

Brazil coffee stocks up 31% in 2019 at 12.8 mln bags -govt

Credit: REUTERS/JOSE ROBERTO GOMES

The amount of coffee in the hands of private companies in Brazil reached 12.8 million bags as of March 31, up 31% from the 9.8 million bags seen a year earlier, the government's food supply and statistics agency Conab said on Thursday.

 (Adds details of report, table)
    SAO PAULO, June 13 (Reuters) - The amount of coffee in the
hands of private companies in Brazil reached 12.8 million bags
as of March 31, up 31% from the 9.8 million bags seen a year
earlier, the government's food supply and statistics agency
Conab said on Thursday. 
    Conab, which conducts annual research on the level of coffee
stocks in Brazil, said most of the coffee in warehouses at the
end of March was arabica, at 92% of the total, or 11.8 million
bags (see table below).
    It is the highest level of stocks since 2016, a result of a
record crop in 2018 of almost 62 million bags, according to
Conab.
    More than 9 million bags of the stocks were in Minas Gerais,
Brazil's leading coffee producer and home to the country's
largest coffee exporter, the Cooxupé cooperative.
    Conab said in the report that there is basically no coffee
in the hands of the government currently.
    The government used to stock large amounts of coffee in 
warehouses to be able to control the flow of the product and
sustain prices. But that policy changed and past governments
sold all the stocks.
    
     BRAZIL PRIVATE COFFEE STOCKS (MLN 60-KG BAGS)
                 (AS OF MARCH 31)   
    
        ARABICA    ROBUSTA     TOTAL    %CHANGE VS PVS YR
2012     7.721      0.693      8.415          -8,9
2013    10.714      1.118     11.832          40,6
2014    14.163      1.054     15.218          28,6
2015    12.983      1.386     14.369          -5,6
2016    12.470      1.119     13.589          -5,4
2017     8.871      0.995      9.866         -27,4
2018     8.958      0.868      9.826          -0,4
2019    11.851      1.043     12.893          31,2

SOURCE: CONAB        

 (Reporting by Marcelo Teixeira and Roberto Samora
Editing by James Dalgleish)
 ((marcelo.teixeira@tr.com; +55 11 5644 7707; Reuters Messaging:
marcelo.teixeira.thomsonreuters.com@reuters.net - https://twitter.com/tx_marcelo))

Keywords: BRAZIL COFFEE/ (UPDATE 1)

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