In São Paulo, coffee plantations were heavily compromised by last week’s frosts, but there were also losses in sugarcane, corn, vegetables, and pastures, according to a survey by FAESP (the SP state federation of agriculture and livestock (Faesp). Damage to coffee plantations occurred in 10% to 20% of the main growing areas.
Although the losses caused by frosts in the central-southern region of Brazil are still being accounted for – Minas Gerais and Paraná also had significant losses – the low temperatures in the country took Arabica coffee prices to a new level in the domestic and foreign markets.
Source: Valor Econômico
