By Yi Tian
May 17 (Bloomberg) -- Coffee output in Brazil, the world’s largest producer, will increase 23 percent in the year starting July 1 as trees enter a more-productive phase of a two-year cycle, the U.S. Department of Agriculture’s attache said.
Output will climb 55.3 million bags from an estimated 44.8 million in the previous 12 months, the USDA’s Foreign Agricultural Service said in a report posted today on its website. A bag weighs 132 pounds, or 60 kilograms.
Arabica production will jump 27 percent to 41.8 million bags, and robusta output will advance 14 percent to 13.5 million bags, the service said. Total exports will rise 10 percent to 32 million bags, the attache said.
In April, farmers start collecting arabica beans, the milder-tasting premium variety used by specialty retailers including Starbucks Corp. The harvest of robusta, used in instant coffee, begins in March.
Arabica for July delivery slipped 1.75 cents, or 1.3 percent, to $1.3255 a pound today on ICE Futures U.S. in New York. The price has dropped 2.5 percent this year.
Robusta futures for July delivery fell $24, or 1.7 percent, to $1,352 a metric ton on London’s Liffe exchange. The price has climbed 4.5 percent this year.
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