Freak Cold Snap In Biggest Coffee Exporter Sparks Huge Price Surge 

freak cold snap in biggest coffee exporter sparks huge price surge

Sumary of Freak Cold Snap In Biggest Coffee Exporter Sparks Huge Price Surge :

  • Temperatures in Brazil’s coffee-growing regions recorded -1.2 Celsius (29 Fahrenheit) on Tuesday in southern Minas Gerais, which was the coldest since 1994. “I’ve never seen something like that.
  • We knew it would be cold, we were monitoring, but temperatures suddenly went several degrees down when it was already early morning,” said Mario Alvarenga, a coffee producer with two farms in Minas Gerais, Brazil’s largest producing state.
  • A #coffee farm in the Cerrado region of Minas Gerais, Brazil.
  • Another day of low temperatures in São Paulo, Minas Gerais, &
  • Brown (@StuOnGold) July 22, 2021″I will probably have to take out some 80,000 trees, they are burned all the way to the bottom,” said Airton Gonçalves, who farms 100 hectares (247.11 acres) of coffee in Patrocinio, in the Cerrado region of Minas Gerais.
  • “Gonçalves estimates his production in 2022 will decline to approximately 1,500 bags from 5,500 bags.
  • Ana Carolina Alves Gomes, a coffee analyst at Minas Gerais agriculture federation Faemg, said that frosts were also reported in the south of Minas Gerais in the Mogiana area in Sao Paulo.
  • Coffee broker Thiago Cazarini, who operates in Varginha, South Minas, said estimates so far suggest exporters and agronomists see a potential reduction of 1 to 2 million bags in next year’s harvest.

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