Bloomberg

Wild weather in biggest coffee exporter sparks price surge

Coffee beans are piled into a bin to be cleaned at a farm in Guaxupe, Minas Gerais state, Brazil, on June 2, 2021. Photo: Patricia Monteiro.

The world's biggest coffee supplier is facing some of the coldest weather in more than 25 years, dimming hopes for the harvest and threatening to raise prices for the popular beverage.

Temperatures in Brazil's coffee-growing regions fell below zero Celsius (32 Fahrenheit) for hours on Tuesday, with southern Minas Gerais the coldest since 1994, according to Rural Clima. Damages to coffee as well as some orange groves was "very significant," said Marco Antonio dos Santos, a meteorologist at Rural Clima in Valinhos. Another cold front is expected late next week...

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