Brazil: Coffee Annual

The outlook for Brazil's 2026/27 coffee harvest is positive, especially for arabica coffee, driven by optimal weather in major growing regions. The anticipated record crop follows five years of low production. Coffee exports for MY 2026/27 are forecast to surge by 30 percent, supported by the expected bumper harvest. However, exporters remain cautious, holding back on deals amid low stocks and uncertainties around a possible El Niño event, which could affect the end of this harvest and the 2027/28 cycle.