Posted date: 26/02/19

-- Nation’s 2019 arabica-coffee output will be likely below 38m bags as drought and scorching temperatures hurt bean development, Lucio Dias, commercial director at Minas Gerais-based cooperative Cooxupe, says in telephone interview. * NOTE: Brazil’s Conab in Jan. pegged arabica crop at 36.1m-38.2m bags, down from 47.5m bags last yr * Cooxupe completed a croup tour between Feb. 4-8
** South of Minas Gerais’s output may be slightly below previous season, while in Sao Paulo’s Mogiana and Minas’s Cerrado output may fall by 40% amid the lower-yielding half of a two-year
cycle, Dias says
* As of Feb. 20, Cooxupe had locked in prices for 13% of arabica supplies it expects to receive from members in 2019 vs 9.5% a year earlier

By Fabiana Batista (Bloomberg)