The following is a post of Olam's projections as a result of drought and frost damages. It is difficult to ascertain the loss attributed to '21'22 and '22'23. Hopefully, the usual parties will give us their projections soon. Any help from the forum is appreciated.
Posted by Tango on August 25, 2021, 4:03 pm
Brazil Coffee Losses From Bad Weather Seen at 8M Bags: Olam
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