Private stocks of coffee in Brazil are expected to drop to about 1.5 mln 60-kg bags, the lowest in five years, said the Council of Coffee Exporters (Cecafe).
Government stocks will total around 2.5m bags, having risen after it bought produce from farmers through an option scheme in an attempt to support prices.
Brazil`s Ministry of Agriculture, Livestock and Supply, through the National Supply Company (Conab), held four tenders for put option contracts last July for up to three million 60-kilogram bags of arabica coffee crop, but has not said how many bags it actually bought.
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