The harvest rhythm in Brazil remains irregular and delayed. Despite the drier weather, work was lower than expected last week, particularly in the case of conillon. The delay in maturation and the shortage of manpower continue to be the main reasons for the slower progress. The slowness in processing and the more withdrawn posture of sellers reinforce the signs of short supply in the physical market.
The monitoring by SAFRAS indicates that until June 28, Brazil reaped 39% of the 22/23 coffee crop, which corresponds to an advance of only 4% compared to last week. And with that, nearly 23.85 mln bags have already been reaped from a preliminary estimated output of 61.10 mln bags. Work is well below the same time last year, when growers had reaped 48% of the expected crop, and also below the five-year average for the period, around 51% of production.
The arabica harvest reaches 31% of production, down from 34% at the same time last year and the five-year average of 42% for the period. Although the availability of arabica remains small, the little coffee that reaches trading regions has shown a good quality profile.
The conillon harvest is 54% complete, well below the 68% at the same time last year and the 73% average for the same period between 2017 and 2021. The larger crop, the delayed maturation, and scarce manpower explain the slow work pace.