Brazil, Coffee Prices
Brazil drought punishes coffee farms and threatens to push prices even higher
Brazilian coffee farmers are grappling with above-average temperatures as the country, the world’s largest coffee producer, faces its worst drought in more than seven decades.
Rain Forecasts for Brazil Send Coffee Prices Tumbling
Friday closed down -10.90 (-4.17%), and November ICE robusta coffee (RMX24) closed down -189 (-3.60%). Coffee prices Friday closed sharply lower as forecasts for rain in Brazil sparked fund liquidation of coffee futures.
Arabica Coffee Pauses Rally as Rain Forecast in Parts of Brazil
Arabica coffee eased as forecasts signaled rain in parts of top producer Brazil, which has faced persistently hot and dry weather.
Brazil drought hits coffee farms and threatens to push prices even higher
Coffee growers in Brazil’s Sao Paulo state are assessing the damage caused by a wildfire that devasted their crops in recent days, as the world’s largest coffee-producing country faces its worst drought in more than seven decades.
Coffee Prices Plunge on Rain Forecasts for Brazil
December arabica coffee (KCZ24) today is down -12.40 (-4.74%), and November ICE robusta coffee (RMX24) is down -208 (-3.96%). Coffee prices today sold off sharply as forecasts for rain in Brazil have sparked fund liquidation of coffee futures.
Brazil drought punishes coffee farms, threatens higher prices
Silvio Almeida’s coffee plantation sits at an ideal altitude on a Brazilian hillside, whose clay-rich soil does well at retaining moisture from rainfall and a nearby
Brazil drought punishes coffee farms, threatens to push prices 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.
Drought affecting Brazil’s coffee crops may push prices higher
Brazil is facing drought, frost and fire. While this year’s harvest may be mostly safe, the price of coffee for the regular consumer is set to increase next year.
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
Brazil’s Cheap Coffee Is Now Costlier Than Fancy Arabica
The world’s cheapest coffee variety is facing such enormous shortages that its beans are already more expensive than the ...
Reuters5d
The Brazilian farmers who are trying to keep the world in its coffee habit despite climate change
In the four generations that his family has farmed coffee in Brazil after emigrating from Italy 130 years ago, the Motanaris had to relocate four times, when farming became unviable for either ...
This Brazilian Producer Harvests Some of the World’s Finest Coffee
Specializing in organic coffee, Fazenda Barreiro in Brazil produces some of the world’s finest coffee. “The secret of our ...
The Globe and Mail2d
Coffee Prices Retreat on Forecasts for Rain in Brazil
Coffee prices are moving lower today as forecasts for rain in Brazil sparked long liquidation coffee futures. Today's two-week Global Forecast System model showed rain is expected for Brazil's ...