RIO DE JANEIRO, BRAZIL - According to a report released last Wednesday (8) by Brazil's Institute of Geography and Statistics (IBGE), coffee stocks in Brazil have fallen 16% by December 31, 2021.
According to the state agency, at the end of 2021, the country had 1,115,260 tons, or 18.588 million 60-kg bags, in Conab-accredited warehouses, which represents a 16% decrease compared to the level of December 31, 2020.
It is important to note that this amount refers to the visible stocks in warehouses accredited by the National Supply Company (Conab) and thus does not consider . . .