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.
Brazil drought hits coffee farms and threatens to push prices even higher
Coffee growers in Brazil’s Sao Paulo state are assessing the damage caused by a wildfire that devasted their crops in recent days, as the world’s largest coffee-producing country faces its worst drought in more than seven decades.
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
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.
Coffee Prices Post Moderate Losses on Rain Forecasts for Brazil
The downside in coffee prices Thursday was limited after Conab, Brazil's crop forecasting agency, cut its 2024 Brazil coffee production forecast to 54.8 million bags from 58.8 mil
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 online gambling craze may be hitting consumer spending
Soccer-mad Brazilians have fallen hard for online sports betting, yielding a boom of interest from foreign gambling companies ...
Bluesky could become Brazil’s next big social media platform. It has Elon Musk’s X to thank
In an effort to cater to Brazilian users, who value video content highly, Bluesky rolled out new video capabilities last week ...
ArcXP Now Powers Portal for One of Brazil’s Top Broadcasters
Arc XP, the media industry’s leading content management system, is now powering the R7.com portal of RECORD, one of the ...
Brazil energy authorities approve returning to daylight saving time as drought bites
Brazilian authorities are likely to approve reinstating daylight saving time after it was abolished five years ago, multiple ...
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.
Amid Brazil’s battle to muzzle Musk’s X, Elon eyes tech triumph in free-speech wars
Starlink and other advances may soon make it even harder for governments to censor our communications and stifle free ...
India has discussed raising oil imports from Brazil, minister says
India has discussed raising oil imports from Brazil in a meeting with the head of the South American nation's state-run oil ...
What we know about the fire 'pandemic' plaguing Brazil
Brazil is burning. From the Amazon rainforest to the Pantanal wetlands, flames have consumed millions of hectares of forest ...