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Brazil's crop failure and increased external demand will cause coffee prices to rise by 40%

 Last Update: 2021-09-03
 Source: Internet
 Author: User

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Brazil’s “Brasília Post” reported on August 18 that, according to the Brazilian Coffee Industry Association (Abic), the coffee retail price will rise by 35% to 40% at the end of September, due to the decline in productivity caused by harsh weather conditions and foreign market demand The increase is an important reason for this phenomenon
.
The Brazilian National Supply Company (Conab) predicts that this season’s coffee production will not exceed 48.
8 million bags (60 kg per bag).
Even if this target is reached, it will still be 22.
6% lower than the previous season
.

Coffee price

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