COVID Challenges Persist For Coffee
From: seekingalpha.com
COVID cases in Brazil have been trending higher, with several major cities extending or beginning lockdowns, including São Luis and São Paulo (where cases have been especially high). To date, though, the virus has had a limited impact on Brazil’s coffee exports—which rose 9% in April—but it’s expected to have a devastating impact on the nation’s economy in the months ahead. The fact that coffee prices were in decline for most of April, however, testifies to the virus’s limited impact on Brazil’s coffee production to date.
