Brazilian coffee industry sees supply relief only in 2024 -Abic president

The Brazilian Coffee Industry Association (Abic) president estimates that the frosts of 2021 contributed to an inversion of the biannual cycle of Arabica in 2022, which leads him to believe that 2023's may exceed this year's production.

RIO DE JANEIRO, BRAZIL - With the harvest of a crop below potential in 2022, Brazil should see an increase in coffee production in 2023, but a relief from the tight stocks should only be felt from 2024 onwards, evaluated the president of the Brazilian Coffee Industry Association (Abic).

Pavel Cardoso, who was elected in June to lead the association of roasters in Brazil until 2025, commented in an interview with Reuters that the firmness of exports and national coffee consumption does not give room to climate problems, which explains the sustained future prices of the commodity, while the physical market . . .

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