–Brazil’s KEY coffee region of Cerrado in Minas Gerais state has been hit by severe frost damage
–Individual coffee farms in Cerrado report as much as 40 percent of farm hit by latest frost
–Total cultivated area of coffee farms in Cerrado sees 25 percent of area hit by frost attack
–Frost impact on Cerrado coffee yields could impact up to 2 million 60-kg bags in 2022 crop
–This week’s frost attack in Brazil was 3rd this season and most severe to coffee since 1978
–4th cold front with high possibility off causing additional frost damage to start this weekend
–New York Arabica futures open all above US$2/lb and hits high of $2.1485/lb before profit taking
JULY 23 (SpillingTheBeans)–Brazil’s key Cerrado Mineiro coffee region in the north-western corner of the country’s top producing state of Minas Gerais has been severely affected by the latest intense wave of damaging frost that hit most of the Arabica coffee park in Brazil this week, producers told SpillingTheBeans in exclusive interviews on Friday. This week’s frost attack was the most severe to hit coffee production in Brazil, the world’s largest grower and exporter, since 1978, and the 3rd intense cold front alone this year to cause frost damage both to the new 2021 coffee harvest as well as to the next 2022 crop. A 4th cold front with “very high” possibility of causing further damage to the already weakened coffee farm is forecast to start this weekend.
More details at; http://www.spilling-the-beans.net/breaking-brazil-frost-damage-worst-since-1978-prices-set-to-return-to-over-3-lb-and-possible-hit-new-highs/
*This story will be updated and content and sources added shortly!
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