Wednesday 16 October 2024

Ice Arabica strongly down on Monday, frost damages still being assessed in Brazil

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MILAN – Frost concerns in Brazil eased Monday after preliminary reports said that there was only limited damage to coffee trees in Brazil’s coffee-growing areas from weekend frost. Brazil faced the coldest weather in six years in major Arabica-bean areas, with frost reported over the week end in several agricultural areas.

Coffee cooperative Minasul, in top producer Minas Gerais state, said frosts hit mostly low-lying areas and mountaintops. A better assessment for coffee fields will probably take a few days.

Traders were expecting a bumper crop in 2020, when the country returns to the on-year in the biennial arabica cycle. But it is unclear now whether production could surpass the 2018 record harvest.

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