Brazil set to produce record coffee crop in 2020November 29, 2019 - 15:12 AMT PanARMENIAN.Net - Brazilian farmers are expected to produce a record coffee crop in 2020, surpassing a previous all-time high reached in 2018, as output is seen reaching 66.7 million 60-kg bags, Dutch bank Rabobank projected on Thursday, November 28, Reuters reports. Rabobank’s coffee analyst Guilherme Morya told reporters during an agricultural outlook seminar in Sao Paulo that unfavorable weather in some parts of Brazil’s coffee belt, such as dry spells in September and October, would be offset by production from new areas. Brazil produced 57.6 million bags in 2019 and the previous record was 62.6 million bags according to the bank. Dryer-than-normal weather conditions were seen by Morya as one of the factors behind a recent recovery in arabica coffee prices in New York. Despite the large Brazilian crop expected for next year, he believes the price outlook will remain positive. “Production is likely to fall in other countries due to lower investment after a prolonged period of low coffee prices,” the analyst said, expecting arabica futures in New York to keep an upward trend, reaching a top of $1.22 per pound during 2020. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. |