Brazil, Coffee Prices
Brazil drought punishes coffee farms and threatens to push prices even higher
Silvio Almeida’s coffee plantation sits at an ideal altitude on a Brazilian hillside, whose clay-rich soil does well at retaining moisture from rainfall and a nearby reservoir. Lately, though, water is scarce on Almeida's modest farm in Caconde,
Sugar Prices Surge as Drought and Fires Threaten Brazil's Sugar Production
NY world sugar #11 (SBV24) today is up +0.93 (+4.24%), and December London ICE white sugar #5 (SWZ24) is up +21.50 (+3.78%). Sugar prices today added to this week's parabolic rally, with NY sugar posting a 6-3/4 month high and London sugar posting a 2-1/2 month high.
Coffee Prices Plunge on Rain Forecasts for Brazil
December arabica coffee (KCZ24) today is down -12.40 (-4.74%), and November ICE robusta coffee (RMX24) is down -208 (-3.96%). Coffee prices today sold off sharply as forecasts for rain in Brazil have sparked fund liquidation of coffee futures.
Coffee Prices Post Moderate Losses on Rain Forecasts for Brazil
Coffee prices retreated Thursday as forecasts for rain in Brazil sparked long liquidation coffee futures. Thursday's two-week Global Forecast System model showed rain is expected for Brazil's coffee-growing regions next week during the all-important flowering period for Brazil's coffee trees.
Coffee prices boiling over as natural disasters decimate crops
Europe's coffee lovers are bracing themselves for higher prices as natural disasters hit the world's top two coffee-producing countries. View on euronews
Coffee Prices Supported by Dry Conditions in Brazil
Wednesday closed down -0.10 (-0.04%), and November ICE robusta coffee (RMX24) closed up +31 (+0.58%). Coffee prices Wednesday settled mixed. Arabica coffee prices came under slight pressure Wednesday after Rabobank projected that global 2024/25 coffee production would climb by +2.
Brazil’s Harsh Drought Hits Coffee Farms, Posing A Price Increase
Brazil’s current drought, which is the worst in seven decades, is impacting its biggest export, coffee production, threatening to increase the cost of coffee even higher. The adverse climate conditions are resulting in the production of lower-quality coffee beans and smaller coffee harvests.
Sugar prices surge as Brazil's drought and fires tighten global supply
The world sugar price surged by about 15 per cent this week, which was easily the industry's sharpest rally of the year.
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