World’s Biggest Coffee Crop Is Wilting in a Relentless Dry Spell
- Brazil’s weather woes haven’t been fully priced in, Ecom says
- Coffee supply squeeze may start to bite late next year
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Coffee traders are just starting to come to grips with the extent of Brazil’s weather woes as prospects for next year’s harvest shrivel in the hot and dry conditions.
The smooth-tasting arabica beans that Brazil ships to buyers including Starbucks Corp. saw little reprieve in November, with rainfall missing estimates and prices paid to local farmers approaching record levels, according to the nation’s top growing cooperative Cooxupe.