Brazil

Brazil is the world’s largest coffee producer responsible for nearly 40% of the world’s coffee in any given year, about 3 times the annual production of the second largest producer, Vietnam. Thus, Brazilian production affects coffee prices in a major way.
While 2011 was an “off” year for Brazil with an estimated 49 million bags of coffee, it was still the highest “off” year on record. With coffee usually starting its new growing season in September, this year’s blossom appears to have been healthy and widely uniform, which indicates that somewhere between 55 and 60 million bags of high quality coffee beans will be available on the market in 2012.
Although prices are sure to fluctuate throughout the year due to various factors, other coffee producing countries around the world are already bracing themselves for the time when the new high quality supply hits the market.