OREANDA-NEWS. February 13, 2015. Brazilian coffee producers sold 79 percent of the estimated 48.9 million bag harvest of 2014 by Feb. 6, surpassing the 75 percent average for this time of year, local crop analysts Safras e Mercado said on Thursday. In December, producers had sold 72 percent of their harvest and by Feb. 6, 2014, they had sold 70 percent, Safras said.

"The rise in prices in early February, due to the appreciation of the dollar and rise in international prices, improved the liquidity on the market and help stimulate sales," Safras' coffee consultant Gil Barabach said.

In Minas Gerais, the state that accounts for half of Brazil's coffee crop and most of its arabica output, producers had sold 81 percent of last year's harvest, Safras said.

Safras added that 79 percent of the arabica crop, estimated at 33.4 million bags, had been sold by last week, while 77 percent of the 15.5 million bag robusta crop had been sold.