Brazil, Coffee prices
Brazil drought punishes coffee farms and threatens to push prices even higher
In part, prices are rising because of higher demand, particularly in Asia. But weather is also driving increases. Drought, frost and fire have damaged as much as one-fifth of arabica coffee producers’ growing areas in Brazil, said Billy Roberts, a senior economist for food and beverage at Colorado-based CoBank.
Coffee prices boiling over as natural disasters decimate crops
Europe's coffee lovers are bracing themselves for higher prices as natural disasters hit the world's top two coffee-producing countries. View on euronews
Brazil’s Harsh Drought Hits Coffee Farms, Posing A Price Increase
Brazil’s current drought, which is the worst in seven decades, is impacting its biggest export, coffee production, threatening to increase the cost of coffee even higher. The adverse climate conditions are resulting in the production of lower-quality coffee beans and smaller coffee harvests.
Coffee Prices Post Moderate Losses on Rain Forecasts for Brazil
The downside in coffee prices Thursday was limited after Conab, Brazil's crop forecasting agency, cut its 2024 Brazil coffee production forecast to 54.8 million bags from 58.8 mil
Coffee Prices Supported by Dry Conditions in Brazil
Wednesday closed down -0.10 (-0.04%), and November ICE robusta coffee (RMX24) closed up +31 (+0.58%). Coffee prices Wednesday settled mixed. Arabica coffee prices came under slight pressure Wednesday after Rabobank projected that global 2024/25 coffee production would climb by +2.
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