• Login / register
  • Contact
    • Submission
  • Languages
    • عربي
    • Balkan (Serbo Croatian)
    • Deutsch
    • Español
    • РУССКИЙ
    • Türkce
  • About
  • Team
  • Donations
Monday, January 25, 2021
  • Login
  • Register
AMN - Al-Masdar News | المصدر نيوز
  • عربي
  • Syria
  • Iraq
  • Yemen
  • Africa
    • East Africa
    • North Africa
    • West Africa
  • Middle East
    • Lebanon
    • Palestine
    • Turkey
    • Iran
    • Gulf
  • World
    • Americas
    • Asia & Australia
    • Europe
  • In Depth
    • Interviews
    • Opinion
    • Podcasts
      • Interviews
    • Economy
No Result
View All Result
AMN - Al-Masdar News | المصدر نيوز
  • عربي
  • Syria
  • Iraq
  • Yemen
  • Africa
    • East Africa
    • North Africa
    • West Africa
  • Middle East
    • Lebanon
    • Palestine
    • Turkey
    • Iran
    • Gulf
  • World
    • Americas
    • Asia & Australia
    • Europe
  • In Depth
    • Interviews
    • Opinion
    • Podcasts
      • Interviews
    • Economy
No Result
View All Result
AMN - Al-Masdar News | المصدر نيوز
No Result
View All Result
Home Uncategorized

Brazil Drought Brews Trouble for Coffee Market

Leith Aboufadel by Leith Aboufadel
2015-01-12
in Uncategorized
Reading Time: 3min read
0
Brazil Drought Brews Trouble for Coffee Market
0
SHARES
Share on FacebookShare on Twitter

Brazil’s coffee harvest last year was hit by one the country’s worst droughts in decades, with effects on the world’s largest producer now threatening to spill over into this year, pushing prices ever higher. Brazil’s 290,000 growers produce around a third of the world’s coffee — out-producing the country’s nearest competitor, Vietnam, by more than three times.

But last year’s total yield was down 7.7 percent from 2013 and well below initial forecasts, the ministry of agriculture said this week. Production of high grade arabica slumped even more drastically, by 15 percent. The falling production has sent prices soaring, with arabica up by half in 2014 and expected to keep increasing this year.

A pound of arabica for March delivery was fetching around $1.77 on New York’s ICE Futures US market Thursday, compared to around $1.06 a year earlier. Unlike many crops that are replanted and harvested each year, coffee is grown in a two-year cycle. So initial predictions for 2014, made before the drought took hold, had initially forecast a much stronger harvest.

ADVERTISEMENT

“This harvest was all set to be a bumper one, given many plantations were new and cultivators had invested to increase productivity,” said Gil Barabach of Safras & Mercado specialist news agency. “At the end of 2013 we expected production to hit 60 to 65 million sacks,” Barabach said.

The final total, measured in 60-kilogram bags, was actually just 45.3 million, thanks in large part to severe rain shortages in south and central south Brazil, the country’s main production centers, that stretched from the first weeks of last year through November. “Annual rainfall normally comes in at between 1,600 millimeters (63 inches) to 1,800 millimeters,” said Paulo Sergio Elias, a spokesman for a coffee growing cooperative of some 3,000 producers in Minas Gerais, north of Sao Paulo and Rio states.But rainfall last year “didn’t even reach 900 millimeters,” Elias said.

ALSO READ  IRGC commander warns enemies about targeting 3 strategic islands in the Gulf

The drought had a particularly severe impact because “it happened from January and February, just as the beans were growing larger and ripening,” Elias explained. “It will also affect the productive potential of this coming year as plant reserves are too weak to ensure the development of future fruit,” he added.

In other words, given coffee’s two-year growing cycle, the effects of last year’s stunted growth will be seen in the bean yield over the next 12 months. “The plants expended a huge amount of energy in enduring the lack of water and high temperatures,” Elias said. “As a result, the branches are shorter than usual and hence will bear less grains. Buds are also lacking in the clusters.”

Production was further hit last year by frost in the southern state of Parana. The region’s harvest slumped by two-thirds over 2013, according to national supply company Conab. Plantations of lower grade robusta in regions less affected by drought saw their harvests rise 20 percent — but their yield only accounts for a third of national production.

Barabach says he expects production this year to be “similar” to 2014, but exports may be even lower, potentially pushing prices yet higher. “The country had major reserves to call on given weak demand and the low prices of (2013),” explained analyst Barabach. “Once the falloff in production was felt and prices rose it sold off stock at a good price. Reserves will be much tighter in 2015,” Barabach predicted.

AFP

Having problems with Twitter / Facebook / Parler etc?

AMN has set up an Mastodon node and invites you to join!
Click to join now!
Share this article:
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
Tags: BrazilCoffee
ShareTweetShare
Leith Aboufadel

Leith Aboufadel

Editor-in-Chief Specializing in Near Eastern Affairs and Economics.

Related Posts

Iran unveils its largest warship in new naval exercise: video

Iran launches large-scale military exercise during Trump’s last day in office

by News Desk
2021-01-19
0

BEIRUT, LEBANON (11:10 A.M.) - The Iranian Armed Forces launched their Al-Aqatdar-99 maneuvers off the coast of Makran on Tuesday,...

‘Our response to the assassination of Fakhrizadeh will be extremely painful’: Iran

Iran to reveal new ‘military achievements’ on Trump’s last day in office

by News Desk
2021-01-18
0

BEIRUT, LEBANON (12:10 P.M.) - The Chief of the General Staff of the Iranian Armed Forces, Mohammad Bagheri, announced on...

IRGC commander threatens to ‘create hell’ for Israel after downing of F-16

IRGC commander warns enemies about targeting 3 strategic islands in the Gulf

by News Desk
2021-01-03
0

BEIRUT, LEBANON (10:00 A.M.) - The commander of the Iranian Revolutionary Guard, Major General Hossein Salami, said on Saturday, during...

New clues reveal ‘surprise’ about assassination of Iranian nuclear scientist

Iran awards assassinated nuclear scientist Nasr Medal

by News Desk
2020-12-13
0

BEIRUT, LEBANON (11:40 P.M.) - The Supreme Leader of the Islamic Republic of Iran, Ali Khamenei, awarded nuclear scientist Mohsen...

Latest Articles

Breaking: Heckler dragged out of Erdogan’s press conference (video)
Syria

Erdogan meets with top aides to evaluate policies in Syria and eastern Mediterranean

by News Desk
17 mins ago
0

BEIRUT, LEBANON (8:30 P.M.) - Turkish President Recep Tayyip Erdogan on Saturday evening, discussed his country's policy in Syria during...

Read more
Tropas sirias avanzan en el sur de Siria a pesar de fuerte resistencia de ISIS
Syria

Unknown assailants ambush bus carrying Syrian Army soldiers in eastern Syria

by News Desk
31 mins ago
0

BEIRUT, LEBANON (8:10 P.M.) - The Syrian Arab Army (SAA) announced that three of its soldiers were killed and ten...

Read more
Two Sudanese soldiers killed in Yemen fighting against Houthis
Africa

Sudanese army launches counter-attack against Ethiopian forces along border region

by News Desk
43 mins ago
0

BEIRUT, LEBANON (8:00 P.M.) - The Sudanese media reported on Sunday evening that the Sudanese army attacked sites inside Ethiopia...

Read more
‘These countries must realize their position’: Iran mocks Saudi Arabia’s request to join nuclear negotiations
Gulf

Iran announces openness to dialogue with Saudi Arabia: FM

by News Desk
2 hours ago
0

BEIRUT, LEBANON (7:00 P.M.) - The Iranian Foreign Ministry confirmed that Tehran is open to dialogue with Saudi Arabia, in...

Read more

AMN Partners

You Might have Missed

Sen. Rand Paul challenges new Sec. of State over regime change in Syria: video
Iran

Sen. Rand Paul challenges new Sec. of State over regime change in Syria: video

by News Desk
2021-01-20
1

BEIRUT, LEBANON (11:00 A.M.) - U.S. Senator (Kentucky) Rand Paul recently challenged the new Secretary of State nominee Anthony Blinken...

Read more
Last heir to Ottoman Empire passes away in Damascus
Syria

Last heir to Ottoman Empire passes away in Damascus

by News Desk
2021-01-19
0

BEIRUT, LEBANON (1:40 P.M.) - The family of Dundar Abdul Karim Osmanoglu, the last heir to the throne of the...

Read more
US forces create ‘terrorist reserve’ in Syria’s Al-Tanf region – Russian deputy DM
Syria

Russia will not fight US in Syria, warns against attacking Syrian Army

by News Desk
2021-01-18
0

BEIRUT, LEBANON (3:20 P.M.) - Russian Foreign Minister Sergey Lavrov confirmed that Russia will not engage in clashes with the...

Read more
Reports: Egypt has sent 800 troops to Yemen
Gulf

New 2021 rankings for the strongest military forces in the Middle East

by News Desk
2021-01-19
1

BEIRUT, LEBANON 4:10 P.M.) - The annual rankings of military strength of the countries of the world, issued by the...

Read more
Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy
AMN – Al-Masdar News | المصدر نيوز

AMN - Al-Masdar News | المصدر نيوز

Al-Masdar Al-‘Arabi (The Arab Source) is dedicated to providing the latest news and analysis from the Arab world.

Launched in August 2014, Al-Masdar News is an independent media service free from any political or corporate funding, sponsorship, or association. This allows us to report on current events free of any bias or prejudice.

Do Not Sell My Personal Information

Recent Episodes

  • Al-Masdar Podcast 16- “There is no left in America”: Assessing Trump’s transition to power, his actions and rhetoric, and moving forward
  • Al-Masdar Podcast 15 – Carla Ortiz, Voice of Syria, and stories from the front line
  • Al-Masdar Podcast 14- Allison Pointer: Black Lives Matter, the Dallas Shootings, and racial inequality in America
  • Al-Masdar Podcast 13- Brandon Turbeville on western media
  • Al-Masdar Podcast 12- Mohammed Nimr Al-Nimr on the life and legacy of Sheikh Nimr
  • About
  • Contact
  • Contributors & Staff
  • Donations
  • Policies

Copyright © 2014-2021 AMN - All Rights Reserved.

No Result
View All Result
  • عربي
  • Syria
  • Iraq
  • Yemen
  • Africa
    • East Africa
    • North Africa
    • West Africa
  • Middle East
    • Lebanon
    • Palestine
    • Turkey
    • Iran
    • Gulf
  • World
    • Americas
    • Asia & Australia
    • Europe
  • In Depth
    • Interviews
    • Opinion
    • Podcasts
      • Interviews
    • Economy
  • Login
  • Sign Up

Copyright © 2014-2021 AMN - All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In