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Brazil will have in season 2014/15 the smallest in coffee crop five years, due to the effect of drought and extremely hot weather early in the year, pointed out on Friday a study released by the National Coffee Council (CNC).
The coffee harvest in Brazil 14/15 will drop to a range from 40,1 millions to 43,3 millions bags of 60 kg against 49.15 million bags in the previous season.

In the first quarter of this year, Colombia produced 2.7 million bags of 60kg. The number is 28% greater than production of the same period last year, which was 2.1 million bags, according to the National Federation of Coffee Growers (FNC) amount.
The result was attributed to the renovation of coffee plantations with more resistant to diseases like rust and weather effects, with greater production potential bushes program.
The FNC also reported that coffee production in March this year was 828,000 bags of 60kg, against 617,000 bags in March 2014, an increase of 34%.

World coffee exports increased by 4.3% in February compared with the same month of 2013. 9 million 60-kg bags were shipped compared to 8.63 million bags in February 2013. Information is from International Coffee Organization (ICO).
The global exports in the first five months of coffee year 2013/2014 (October 2013 to February 2014) showed a reduction of about 6.6% compared with the first five months of the previous period.

The drought that damaged much of the coffee producing areas of Brazil in recent months changed the course of the international bean market in February. Report released on Thursday, 13, the International Coffee Organization (ICO) shows that concern about the lack of rain in Brazil caused the price of the product to rise 24.4% in February in the international market. With this, the coffee recorded the highest monthly increase since May 1997.

Over the past 50 years, the coffee market was characterized by a period of the regulated market with direct intervention through a system of export quotas, and a second time without direct intervention, from 1990 until now, according to the International Coffee Organization (ICO).

Coffee prices to final consumers could rise to 50% this year because of the dry weather that affected Brazil, the world's largest producer.
This alert is advanced by the Portuguese company brokerage Golden Broker, marking the month of January as the "hottest in 20 years" in Brazil.
The broker notes that climate change has had repercussions in reducing crop forecasts, leading to an increase in coffee prices in the international market for a maximum of 16 months, "an increase of over 50% in just two months."


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