Title : Frost (not frothy/FROSTY) Hits Brazil’s Coffee Crop- Global Warming? AGW?
link : Frost (not frothy/FROSTY) Hits Brazil’s Coffee Crop- Global Warming? AGW?
Frost (not frothy/FROSTY) Hits Brazil’s Coffee Crop- Global Warming? AGW?
Sorry about the lack of new postings.. Elderly parents take precedent and the last few days have been hectic. I'm going to try and get the latest Covid jab update up asap. Meanwhile I'll clear a few items of interest out of my bookmark list
Phys.org
Coffee prices surged this week to multi-year peaks, extending stellar gains this year after frost damaged crops in the world's biggest producer Brazil.
"Several reasons explain the astronomical gains for coffee prices," Rabobank analyst Carlos Mera told AFP, citing mainly the devastating weather conditions in Brazil.
Mera also blamed soaring transportation costs and political unrest in number-three producer, Colombia.
That was followed by damaging frosts this week at key plantations in Minas Gerais—a southeastern inland state that produces 70 percent of the nation's arabica beans.
Sub-zero temperatures have "sparked defoliation of crops and even kill the youngest plants" that are crucial for future harvests, Mera said.
The market rallied "on freezing temperatures in Brazil growing areas last night", added Price Futures Group analyst Jack Scoville on Friday.
"Freezing temperatures were reported in much of Minas Gerais and Parana and also in Sao Paulo.
"It is not yet known how extensive the damage was but... a significant part of the crop got hurt.
"It is flowering time for the next crop and the flowers were frozen and will drop off the trees," he added, noting, however, that the weather was now turning warmer.
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