A large Brazil coffee harvest will keep coffee futures prices in a range of $1.80 to $2 per lb for the next six months at least as the market eyes a large Brazil harvest, the head of Italian coffee roaster Illycaffe said in Sao Paulo on Thursday. Andrea Illy said he expected coffee production from Brazil's upcoming 2012/13 coffee crop to reach 55 million 60-kg bags, the same estimate he had given late last year for the harvest in the world's top coffee producer that starts in around two months. "Brazil's harvest will be good in terms of quality and quantity," Illy said. The consensus among exporters and analysts is for a large harvest this year, but one likely to be smaller than the last 'on year' crop of 2010/11 due to two prolonged dry spells during the crop's development. The 2012/13 harvest is in an on-year, in which trees' output surges in between years when trees recover by producing less. The previous 'on year' in 2010/11 turned out

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Big Brazil coffee harvest to contain futures prices

http://www.brecorder.com/agriculture-a-allied/183/1166568

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