Brazil's coffee crop in 2014 will exceed 2013

The coffee harvest in Brazil in 2014 was estimated at 60 million bags of 60kg, representing a growth of approximately 15% compared to the current season, the harvest of which goes for the final, estimated Wednesday the INTL FCStone.
Evaluation of consulting and commodity broker points to record volumes in Brazil, the largest producer and exporter of coffee, next season, which will be high in the biennial Arabica variety of the country. The current season in the cycle is low, alternating larger and smaller crops each year.
The estimate also shows that the next crop in Brazil will be little affected by frost in July Paraná fifth national producer of grain.
"I think the break of Paraná, the market is estimated at 60% - my number is over 40% - should not affect much to offer next season," he said in an exclusive interview with Brazil Trading Thomson Reuters chief Coffee Table and Wheat at INTL FCStone in Brazil, Bruno Martin. This situation of abundant supply should keep prices under pressure, he said. "I think we will not see relief supply side for at least two years - season 15/16 - in my opinion," he said.
The Ministry of Agriculture has not released a forecast for next year's crop. The crop of 2013 is, estimated by the government, at 48.6 million bags.
The Arabica coffee futures in New York are operating near a minimum of four years, under the influence of large Brazilian crops and also for a dollar appreciated against the real, which tends to favour sales of Brazilians.
"Many of the recent movements of the coffee were reflections of currency devaluation. Having said that, the fundamentals of coffee are generally bearish. Exists today in Brazil and the world a vast stock available and demand remains timid." He also said that recent announcements by the Brazilian government to support commodity prices, as a program option contracts, could help prevent larger falls in prices. "I hold that (the market), but preserve a sharper fall yes. The timing of the announcement (though clumsy) was appropriate," he said.
Source: Reuters Brazil