Bloomberg Commentary

Somar Sees Risk of Frost in Brazil Coffee Areas From Sunday
By Isis Almeida
(Bloomberg) -- Polar air mass brings risk of frost in producing areas of southern Minas Gerais, Baixa Mogiana, beyond northern Parana, Somar Meteorologia says in e-mailed report.
Temperatures to fall to 0-1C in Londrina, Apucarana, Ibaiti Sunday
Baixa Mogiana, southern Minas Gerais to see 0-2C Sunday-Monday
“In Parana, the frost will be more intense on Thursday and Sunday, while between Sao Paulo and Minas Gerais, the phenomenon will happen next Monday”
NOTE: Brazil is world’s largest coffee producer; frost can damage the crop this yr and next
NOTE: Arabica coffee futures rose as much as 1% in New York after Somar report