Shortage of coffee in 2021 might see record prices

Brazil coffee shortage 2021

Some of the most significant coffee-producing regions got less than half of the average amount of rain. Brazil is the world’s largest exporter of coffee. The rainy season in Brazil often occurs during the northern hemisphere’s winter, giving enough water for farmers to irrigate coffee plants and keep them alive for several months. Bloomberg reported this week that Brazil’s rainy season suffered a severe shortage of rain. Some of the most important coffee-producing regions received less than half the typical quantity of rain. As a result, “output of arabica coffee,…

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