Brazil's Agriculture Ministry presented its first study of the new coffee crop, forecasting that harvest could reach 49.13 million to 51.94 million 60-kg bags. The high end of the forecast by the ministry's Conab crop supply agency would surpass 2012's record 50.8 million bags. The estimate is also 14 percent to 20 percent higher than last season's 43.2-million-bag harvest, which was curtailed by two years of drought.
