Volcafe lowers global coffee deficit estimates

Volcafe, the Swiss-based coffee division of commodity trade house ED&F Man, lowered its global 2014/15 and 2015/16 coffee deficit estimates due to the reduction of stocks in top grower Brazil, in a November report seen by Reuters on Wednesday.

It raised its global 2014/15 and 2015/16 coffee production estimates slightly, and held its 2015/16 forecast for Brazil at 48.3 million 60-kg bags, unchanged from its August estimate, the report showed.

Copyright Reuters, 2015