Wednesday, 26 August 2015 19:12
NEW YORK: Volcafe, the Swiss-based coffee division of commodities house ED&F Man, said on Wednesday it revised down its crop estimate for Brazil’s 2015/16 crop to 48.3 million 60-kg bags, down 3.6 million bags for their estimate in May.
Volcafe said in its quarterly report that it now pegged global coffee production at 149.6 million bags in 2015/16, down 4.9 million bags down from its prior estimate.
