Tridge summary
Brazil is experiencing severe climatic disruptions, including drought and low temperatures, caused by the La Niña phenomenon, leading to significant losses in key agricultural crops such as coffee and sugar, and to a lesser extent, corn, orange juice, and meat. The drought and frost have damaged coffee plants, potentially reducing the next harvest by 10-50%, thereby increasing prices in the international market. The drought has also affected corn production, leading to delayed planting and crop death due to frost, which has resulted in increased prices and increased imports of corn for livestock feed. The government plans to allocate 1.3 billion reais to support coffee producers, but there are concerns about the impact of these climate conditions on the quality and quantity of other crops, which could further drive up food prices in Brazil, already at a five-year high of 8.6%.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
EMIKO TERAZONO AND MICHAEL POOLER. DAILY MILLENNIUM The worst drought in a century plus a streak of low temperatures raised coffee and sugar rates; La Niña phenomenon a threat, experts say In the mountainous town of Caconde in the state of Sao Paulo, third-generation coffee producer Ademar Pereira, 44, estimates that half of this year's harvest will be lost because many of the shrubs on the modest plantation of his family succumbed to the cold. “It was already going to be a very small harvest. And with the frosts, that got worse. There are many people who lost everything, "he said. Brazil is an agricultural powerhouse and one of the main exporters of raw materials such as corn, sugar, orange juice and meat, but this year's climatic disruptions caused the prices of coffee and sugar to skyrocket in international markets, at the same time that gave optimistic corn marketers more fuel. "Brazil is such a large exporter, especially of coffee and sugar, that what happens in the country ...
Source: Inforural
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