Sales of the 22/23 coffee crop continue slow for a new crop, given the cautiousness of sellers and little aggressiveness of buyers. Short availability collaborates with this process. The SAFRAS survey indicates that until August 9, sales of Brazil’s 22/23 crop reached 45% of the expected production. And with that, the growers’ current commitment remains well below the same time last year, when sales had reached 53%. It is worth remembering that last season, besides the lower production, the flow of sales in advance was also more intense. Even so, this year’s sales remain above the five-year average for the period, which is around 36% of production. It is worth noting that in the years 2020 and 2021, sales were much faster, which helped to increase the average percentage.
Arabica sales reach 45% of total production. Erratic signs about the potential of the crop, the bet on the winter, and more liquidity amid growers ended up influencing the flow of sales. And more recently, the delay in the harvest and the doubts about the size of Brazil’s 2022 crop justify this withdrawn attitude of growers at the arrival of the crop. In the same period last year, the commitment on the part of growers was around 52%. The average sales of the last 5 years for the period is around 36%.
Conillon sales gained a little more pace, with the harvest approaching the end and reaching 45% of the crop. Even so, they are still well below the same period last year (55%) and the average for the period (47%). Growers are slowing down their positions a little more, while the domestic industry adopts a more cautious stance in the face of economic and financial uncertainties, explaining the slower pace of business.