Luxury coffee threatened by Brazil rains
The luxury coffee industry in Brazil, the world's largest coffee producer, is facing significant challenges due to a surge of heavy rains that have impacted the quality of Arabica crops. The rains have delayed the harvest and damaged the fruit, reducing the proportion of high-quality beans that meet the standards of the luxury coffee market. It is expected that this percentage will drop to 10-15% of the total production, compared to the usual 30-35%. Additionally, the rains during the drying process have increased humidity and contamination, leading to higher prices for luxury coffee and increased price premiums. Despite these issues, the overall supply remains relatively limited, although the crisis could result in a shortage of high-quality coffee during the current season.
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