CoffeeNetwork (New York) – According to the latest report from Brazil’s Center of Advanced Studies in Applied Economics (CEPEA), with the frosts recorded in the last days in practically all the regions producing Arabica coffee, agents consulted by Cepea are now assessing the possible impact. For now, it appears that the damages will be minimal and the areas that were most impacted were Paraná and a few areas in São Paulo and Minas Gerais, but to a lesser extent. Most reports of damage refer to coffee plantations located in the lowlands.
In an interview with CoffeeNetwork this morning, CEPEA said that they will be releasing a report with further detail about damage in the next few days.
As for the market, the forecast of low temperatures and frosts had boosted the external and domestic prices of Arabica and Robusta coffee last week, increasing liquidity. However, with the July 4 holiday in the United States and the retreat of international prices, the pace of sales has slowed in Brazil.
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