Coffee Prices at 6-Year High as Extreme Cold Weather Hits Brazil
Coffee Price Outlook
Analysts forecast a significant draw in coffee inventories as supply falls this and next year
The freeze was the most widespread and severe in more than 25 years
Chart by TradingView
Coffee C futures contracts – the world’s benchmark for Arabica coffee – surged to the highest level seen since December 2014. This happened after extreme cold weather hit Brazil’s major coffee fields. Temperatures in south Minas Gerais – the country’s most productive region - fell below zero degree Celsius, causing frost and freeze. This may severely impact coffee plants’ yield for this and next year. The usual average temperature at this time of the year in the region is at around 20 degree Celsius.
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Monday, 28 December 2020 00:00 -
The Sri Lanka Export Development Board (EDB) recently successfully completed its 30th capacity development webinar session to the exporter community and SMEs.
Owing to the current COVID-19 pandemic situation in the country, the EDB could not carry out its conventional capacity development programs, such as workshops and seminars, especially due to the health regulations imposed on gatherings and public activities. As an alternative method, online sessions were conducted to enhance the capacity and knowledge of exporters and SMEs in Sri Lanka.
During this program, the EDB organised weekly webinars to continuously educate the Sri Lankan exporters and potential exporters on selected topics. Well-known resource persons and experts on exports-related topics conducted these online sessions, sharing their expertise and experience with the participants.