SpillingTheBeans welcomes the recent focus on the rain issue in Brazil, after all the extensive weather damage both to the current 2013-14 crop as well as the next 2014-15 harvest has been plainly in sight for the past 10 months, and this is why we published a report in Australia’s Global Coffee Review as far back as September entitled “Rains And Drought Leave Brazil Coffee Crops In Doubt.”
We just came across this report from our friends at Bloomberg:
Brazil’s Somar Cuts Estimate For 2013-14 Crop By 3M Bags To 51M Bags, Predicts Rain Damage In 2014-15
Jan. 8 (Bloomberg) — Brazil’s coffee belt, known as Zona da Mata, got as much as 650 millimeters (25.6 inches) of rain in December, the most for that month in 90 yrs, Celso Oliveira, a meteorologist at Sao Paulo-based Somar Meteorologia, said today in a telephone interview.
* Somar cut its estimate for this year’s crop to ~51m bags vs a previous projection of 54m
* The rain amount compares with the historical average of 200mm
* The “deluge” may have damaged 30%-40% of the arabica crop in the region, which includes areas in Minas Gerais, the top grower of the arabica variety, and in Espirito Santo, the leading producer of robusta beans
* Rain distribution has been irregular this season, making it more difficult to assess crop losses for the robusta variety