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Price of Coffee Expected to Skyrocket as Crops are Threatened by Brazilian Frost

As Brazil experiences extreme frost in the coffee bean industry, huge shortage is happening globally and is affecting the price of the coffee beans six-years high. As the leading coffee producer in the entire world, the market will surely experience drive up costs in coffee shops and supermarkets. ....

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Coffee Prices at 6-Year High as Extreme Cold Weather Hits Brazil

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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Coffee Prices at 6-Year High as Extreme Cold Weather Hits Brazil

Coffee Prices at 6-Year High as Extreme Cold Weather Hits Brazil
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Cafeteira: saiba escolher a ideal para você e veja opções
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