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Freeze, drought put Brazil s coffee harvest in jeopardy, fuel price surge
by Bloomberg
|
Today at 1:55 a.m.
Coffee beans are piled into a bin to be cleaned at a farm in Guaxupe, Minas Gerais state, Brazil, on June 2, 2021. MUST CREDIT: Bloomberg photo by Patricia Monteiro.
The world s biggest coffee supplier is facing some of the coldest weather in more than 25 years, dimming hopes for the harvest and threatening to raise prices for the popular beverage.
Temperatures in Brazil s coffee-growing regions fell below 32 Fahrenheit for hours last week, with southern Minas Gerais the coldest since 1994, according to Rural Clima. Damage to coffee as well as some orange groves was very significant, said Marco Antonio dos Santos, a meteorologist at Rural Clima in Valinhos. Another cold front is expected this week.