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LatinNews Daily - 22 January 2021

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In brief: Brazil’s coffee production set to drop in 2021

* Brazil’s Companhia Nacional de Abastecimento (CNA), the logistics arms of the agriculture ministry, has announced that the country’s coffee production is expected to total between 43.8m and 49.5m sacks this year (one sack = 60kg), which would represent a 21.4% to 30.5% reduction on 2020 production levels. Conab attributes these expected lower production levels to “adverse climate conditions” and the fact that 2021 is a negative year in the biennial cycle of coffee production – wherein a year of high productivity is necessarily followed by a year with reduced production.