Coffee prices surge as unusual cold threatens Brazilian production


(FILES) In this file photo taken on June 27, 2013 a person Coffee trees are extremely sensitive to frost, which can cause severe damage and even kill trees completely. If a farm needs to replant trees, production would take around three years

NEW YORK: Arabica coffee prices rose 10%, after jumping nearly 20% last week, to their highest in nearly seven years as unusual cold weather threatens coffee crops in the world’s largest producer Brazil.

Severe frosts last week damaged a large part of fields in the main Brazilian coffee belt and a new polar air mass is forecast to move over the same areas later this week, which will be the third strong cold front to hit crops this year.

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