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ICO sees Brazil 2010/11 coffee crop at 47 mln bags | ICO sees Brazil 2010/11 coffee crop at 47 mln bags |
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LONDON, Aug 16 (Reuters) - The International Coffee Organization said on Monday it estimates the world's largest coffee grower Brazil will produce 47 million 60-kg bags in 2010/11.
Brazil's output is expected to fall just short of the record 2002/03 crop, which produced 48.48 million bags, but well above 2009/10 production of 39.47 million bags. The ICO maintained its forecast for world 2010/11 output at between 133 million and 135 million bags, up from 120 million bags the previous crop. The 2010/11 crop from Vietnam, the world's second-largest coffee producer, could be damaged by adverse weather, the ICO said without giving an updated estimate. In its June, report the ICO estimated Vietnam's crop at between 16 million and 18 million bags. Some coffee growing areas in southern Vietnam have been drier than normal and rains are needed to prevent declines in production, weather forecaster Meteorlogix said on Monday. World consumption is expected to recover in 2010, after falling by 1.5 percent in 2009 to 128.8 million bags due to the global economic slowdown, the ICO said. (Reporting by Sarah McFarlane; Editing by Alison Birrane) Monday, 16 August 2010 19:28:33RTRS |