The harvest continues at a good pace in Brazil, favored by dry climate and driven by the presence of a large number of arabica growers on the field. SAFRAS’ weekly monitoring indicates that up to May 6, Brazil reaped 26% of the 23/24 crop, which corresponds to an increase of 6% compared to the week earlier. Work exceeds the same time last year, when growers had reaped 24% of the crop, and is slightly below the five-year average with 27% of the reaped production.
The arabica harvest is 20% complete, against 17% at the same time last year and 19% on average for the last 5 years. The conillon harvest is at 38%, above the 36% at the same time last year, but still below the 42% five-year average.
While the harvest continues more quickly, processing has been slow, and growers have taken longer to send the product to trading regions. In the case of conillon, the rally in London justifies the sellers’ shorter stance. In the case of arabica, the most capitalized growers keep betting on the winter.
The weather must remain predominantly dry in most of Brazil’s coffee-growing areas. In the next few days, rain is expected in the north of Paraná, in the state of São Paulo, and part of the south of Minas Gerais, which could momentarily interrupt the coffee harvest and drying. The advance of a polar air mass at the rear of a cold front should lower temperatures, but for the time being without risk of frost formation in coffee areas. In general terms, a slightly wetter winter is expected this year, which could affect the crop profile.