Grapevine

Cocoa jumps to one-month high as Ghana trims output forecast

Arabica coffee futures climbed for the sixth straight day in New York following renewed concerns over cold weather in top producer Brazil.

Low temperatures are expected to hit Brazil coffee producing regions by the weekend, putting traders on alert after minor damage from isolated frost was seen in the previous week.

While a chance for frost between Sunday, Augsust 18 and Monday August 19, 2024, can’t be ruled out, the impacts of cold weather will likely be small, Rural Clima meteorologist Marco Antonio dos Santos said Wednesday.

Temperatures are swinging from strong heat to cold in a crucial moment for the development of trees ahead of the upcoming season.

Arabica crops need mild temperatures and regular rainfall during the flowering period that starts in September, but weather has been erratic, with dryness also reported recently.