What does Disaster look like for Coffee? 170c and beyond...
Those of us following the #coffeemarket, know that there was heat damage that caused flowers to abort from the #coffee trees in #Brazil, the world's largest producer of #Arabica. But what does that actually mean for coffee prices? First, we are talking about permanent damage to the crop.
If flowers abort, then no amount of rain after that period will make new beans, so we are talking about a hit to production on top of an already down year on Brazil's biennial production cycle.