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Brazil in Vogue - Coffee Market Update

Coffee March 2021 Web

Following the release of our Crop Update last month, our analysts provide a more in-depth breakdown of the S&D balance, whilst looking at the bright spots for consumption post-COVID. Brazil shipments are starting to fall, but the deficit has not yet shown its cards. European economic growth lags behind the U.S. and we expect this to remain the case due to poor vaccine policy management, causing consumption growth in the bloc to be weaker.