Brazil 2016-17 Coffee Crop 68% Sold as of Nov. 18: Safras

By Fabiana Batista

(Bloomberg) — Farmers have sold 37.3m bags of coffee from current crop in Brazil, Safras & Mercado says in e-mailed report.

* Commercialization pace compares with 63% yr ago, 57% 5-yr-

avg

* “Despite the intense sales activity, there was no supply-

side pressure as the seller took advantage of the

aggressiveness of the buyers to spawn the coffee in the

market”, Gil Barabach, analyst at Safras & Mercado, says by

e-mail

* NOTE: Brazil is the world top coffee producer and exporter

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