From Insidefutures.com: As the world’s largest producer and exporter of coffee, Brazil remains a focus when analyzing coffee prices. As we have discussed in past coffee articles, Brazil experiences an every other year “on/off” cycle in production.
“On” years produce more beans, “off” years produce less. The 2007/08 harvest produced 46- 48 million (60 kg) bags of coffee. The 2009 Brazilian harvest is mostly in the warehouse already, expected to total nearly 38 million bags….. Full Article: Source