Brazil, Coffee Prices
Brazil drought punishes coffee farms and threatens to push prices even higher
In part, prices are rising because of higher demand, particularly in Asia. But weather is also driving increases. Drought, frost and fire have damaged as much as one-fifth of arabica coffee producers’ growing areas in Brazil, said Billy Roberts, a senior economist for food and beverage at Colorado-based CoBank.
Rain Forecasts for Brazil Send Coffee Prices Tumbling
Charting, Price Performance, News & Related Contracts.
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.
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 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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