14 July 1999
Brazils coffee exports hit a record
BRAZILS coffee exports hit a record last season after a bumper harvest.
The worlds largest coffee producer exported 21.2million 60kg bags of coffee in the year from July 1998 to June 1999.
Overseas sales in the current season are expected to be smaller but analysts are expecting another bumper crop for the 2000-2001 season.
Prices have already fallen on world commodity exchanges in anticipation of plentiful supply.
- Financial Times 14/07/99 page 36 (News Digest)