Coffee| Brazil's coffee production in the 2016-17 crop year

Brazil's coffee production in the 2016-17 crop year could rise to between 60 million and 62 million (60-kg each) bags, according to the Olam International. Despite the potential bumper crop, the world will still be in a deficit for the third consecutive year because of rising in coffee consumption worldwide. Coffee at current prices is ‘extremely undervalued’.