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Brazil's coffee crop 63 percent sold by end of October

SAO PAULO - Producers sold 63 percent of Brazil's recently harvested 50.4 million bag coffee crop by the end of October, up from the 57 percent typically sold by this time of year, local crop analysts Safras e Mercado said on Thursday.

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Reuters file photo.

SAO PAULO - Producers sold 63 percent of Brazil's recently harvested 50.4 million bag coffee crop by the end of October, up from the 57 percent typically sold by this time of year, local crop analysts Safras e Mercado said on Thursday.

By the end of October in 2014, producers had sold 61 percent of the crop.

At the end of September, 53 percent of the crop had been sold by producers.

Arabica sales amounted to 22.48 million bags through October, or 62 percent of the estimated output of the milder bean this season. Robusta sales reached 9.29 million bags, or 65 percent of that respective crop, Safras data showed.

Brazil has suffered a series of severe droughts over the past two years that have greatly curbed output of the commodity from the world's largest producer and exporter of the bean. 

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