{"id":10291,"date":"2020-01-06T12:05:05","date_gmt":"2020-01-06T14:05:05","guid":{"rendered":"https:\/\/www2.safras.com.br\/?p=10291"},"modified":"2020-01-06T12:05:05","modified_gmt":"2020-01-06T14:05:05","slug":"surplus-of-2-97-mln-bags-of-coffee-and-stocks-of-34-96-mln-bags-in-19-20-season","status":"publish","type":"post","link":"https:\/\/safras.com.br\/eng\/surplus-of-2-97-mln-bags-of-coffee-and-stocks-of-34-96-mln-bags-in-19-20-season\/","title":{"rendered":"Surplus of 2.97 mln bags of coffee and stocks of 34.96 mln bags in 19\/20 season"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">World\nproduction is projected at 169.3 million bags in 19\/20, down 3% from the\nprevious season. Consumption is estimated at 166.4 million bags, an increase of\n1% over the previous cycle. Even so, USDA projects a global surplus of 2.97\nmillion bags. Remember that the Department works with a business year starting\nin July and ending in June. In the previous season, the surplus stood at 9.88\nmillion bags, driven by Brazil\u2019s record crop.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Lower supply\nmust cause exports to fall by 4%, reaching 135 million bags in the 19\/20\nseason. Last season exports reached 140.6 million bags. Brazilian shipments must\nfall sharply, sending the external flow lower. In this scenario, global stocks\nwere raised to 34.96 million bags (33.55 in the previous forecast). Even so,\nbelow the 35.42 million bags at the end of the 18\/19 season.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The USDA\u2019s report brings slightly more comfortable supply numbers, which may encourage some downward pressure on price levels when the bottleneck in the supply of milds is overcome. While the ICO already projects a deficit of 500,000 bags, the USDA still indicates a surplus. Different readings, at first, stem from the distinct business year period, but especially from distinct crop projections for Brazil. In any case, they both indicate that excess has decreased.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>World production is projected at 169.3 million bags in 19\/20, down 3% from the previous season. Consumption is estimated at 166.4 million bags, an increase of 1% over the previous cycle. Even so, USDA projects a global surplus of 2.97 million bags. Remember that the Department works with a business year starting in July and [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":9046,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[102],"tags":[],"commodity":[],"class_list":["post-10291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agribusiness-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Surplus of 2.97 mln bags of coffee and stocks of 34.96 mln bags in 19\/20 season - SAFRAS &amp; Market<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Surplus of 2.97 mln bags of coffee and stocks of 34.96 mln bags in 19\/20 season - SAFRAS &amp; Market\" \/>\n<meta property=\"og:description\" content=\"World production is projected at 169.3 million bags in 19\/20, down 3% from the previous season. Consumption is estimated at 166.4 million bags, an increase of 1% over the previous cycle. Even so, USDA projects a global surplus of 2.97 million bags. Remember that the Department works with a business year starting in July and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/safras.com.br\/eng\/surplus-of-2-97-mln-bags-of-coffee-and-stocks-of-34-96-mln-bags-in-19-20-season\/\" \/>\n<meta property=\"og:site_name\" content=\"SAFRAS &amp; Market\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-06T14:05:05+00:00\" \/>\n<meta name=\"author\" content=\"sf_rodrigo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"sf_rodrigo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/safras.com.br\/eng\/surplus-of-2-97-mln-bags-of-coffee-and-stocks-of-34-96-mln-bags-in-19-20-season\/\",\"url\":\"https:\/\/safras.com.br\/eng\/surplus-of-2-97-mln-bags-of-coffee-and-stocks-of-34-96-mln-bags-in-19-20-season\/\",\"name\":\"Surplus of 2.97 mln bags of coffee and stocks of 34.96 mln bags in 19\/20 season - SAFRAS &amp; Market\",\"isPartOf\":{\"@id\":\"https:\/\/safras.com.br\/eng\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/safras.com.br\/eng\/surplus-of-2-97-mln-bags-of-coffee-and-stocks-of-34-96-mln-bags-in-19-20-season\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/safras.com.br\/eng\/surplus-of-2-97-mln-bags-of-coffee-and-stocks-of-34-96-mln-bags-in-19-20-season\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2020-01-06T14:05:05+00:00\",\"author\":{\"@id\":\"https:\/\/safras.com.br\/eng\/#\/schema\/person\/f8b69e23ee9ffb74274ad81d43cb17dd\"},\"breadcrumb\":{\"@id\":\"https:\/\/safras.com.br\/eng\/surplus-of-2-97-mln-bags-of-coffee-and-stocks-of-34-96-mln-bags-in-19-20-season\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/safras.com.br\/eng\/surplus-of-2-97-mln-bags-of-coffee-and-stocks-of-34-96-mln-bags-in-19-20-season\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/safras.com.br\/eng\/surplus-of-2-97-mln-bags-of-coffee-and-stocks-of-34-96-mln-bags-in-19-20-season\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/safras.com.br\/eng\/surplus-of-2-97-mln-bags-of-coffee-and-stocks-of-34-96-mln-bags-in-19-20-season\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/safras.com.br\/eng\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Surplus of 2.97 mln bags of coffee and stocks of 34.96 mln bags in 19\/20 season\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/safras.com.br\/eng\/#website\",\"url\":\"https:\/\/safras.com.br\/eng\/\",\"name\":\"SAFRAS &amp; Market\",\"description\":\"The Agribusiness Ecosystem\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/safras.com.br\/eng\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/safras.com.br\/eng\/#\/schema\/person\/f8b69e23ee9ffb74274ad81d43cb17dd\",\"name\":\"sf_rodrigo\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/safras.com.br\/eng\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/553c9977d5822bf20999bbf3dd1ef7e243ede433d61513699f48760953e9d2b2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/553c9977d5822bf20999bbf3dd1ef7e243ede433d61513699f48760953e9d2b2?s=96&d=mm&r=g\",\"caption\":\"sf_rodrigo\"},\"url\":\"https:\/\/safras.com.br\/eng\/author\/sf_rodrigo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Surplus of 2.97 mln bags of coffee and stocks of 34.96 mln bags in 19\/20 season - SAFRAS &amp; Market","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"Surplus of 2.97 mln bags of coffee and stocks of 34.96 mln bags in 19\/20 season - SAFRAS &amp; Market","og_description":"World production is projected at 169.3 million bags in 19\/20, down 3% from the previous season. 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