By Marvin G. Perez and Fabiana Batista
(Bloomberg) --
The damage has built up during the last 12 months, Singapore’s Olam says in emailed statement.
Country lost ~4.3m bags of coffee due to the drought that hit areas in September and October while ~3.7m bags were lost due to multiple frosts in July
“Brazil farmers can’t afford to have another severe drought in September-October as that will have an exponential negative impact on the 2022-23 crop,” Olam says
One bag weighs 60 kilograms or 132 pounds
NOTE: Brazil coffee areas may face scorching temperatures in September
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